Results 31 to 40 of about 2,568 (219)
Disinflation and the NAIRU [PDF]
This paper asks why the NAIRU rose in most OECD countries in the 1980s. I find that a central cause was the tight monetary policy used to reduce inflation. The evidence comes from a cross-country comparison: countries with larger decreases in inflation and longer disinflationary periods have larger rises in the NAIRU.
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Ag2Mo2O7 has attracted considerable interest as excellent high-temperature solid lubricant. The effect of Ag2Mo2O7 nano-shape on the mechanical and tribological performances of NiAl-Ag2Mo2O7 composites was investigated in the study.
Junhong Jia +4 more
doaj +1 more source
Unobserved effects of monetary policy in the Peru’s departments output and unemployment
This is the first article in a series of two. A NAIRU-Keynesian model is developed for Peru’s departments (regions) to analyse whether there is a stable relationship between inflation and unemployment, and inflation and the output gap as documented in ...
Oscar Manuel Mendoza Vargas
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ABSTRACT The post‐pandemic inflationary spike brought inflation back to the forefront of academic research. In the debate about the origin and nature of the 2020s inflation, economists have been divided into the following two main camps: the demand‐pull camp, which attributed inflation to excess demand and linked it to fiscal and monetary stimulus put ...
Vicente Ferreira
wiley +1 more source
Measuring the Nairu: A Complementary Approach [PDF]
Estimates of the Nairu generally suffer from a large uncertainty, which can be reduced by adopting a bivariate framework and assuming that shifts of the Phillips curve share a common trend with the unemployment rate. We consider in this paper if this common trend assumption is empirically relevant or not for seven economies over the sample 1973-2010 ...
De la Serve, M-E., Lemoine, M.
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A Multi‐Country Approach to Estimate the Euro‐Area Natural Real Interest Rate
ABSTRACT We set up a semi‐structural unobserved components multi‐country model of the eurozone. The common euro‐area natural rate of interest (NRI) is identified from the joint dynamics of the national data of its 20 member countries and estimated using Bayesian methods.
Tino Berger, Daria Kazakova, Bernd Kempa
wiley +1 more source
Studying the NAIRU and its Implications [PDF]
The current paper is a means of demonstrating our knowledge about macroeconomic theories, and its key variables, phenomena, and history. Given the key role that the Non-Accelerating Inflation Rate of Unemployment (NAIRU) has in the macroeconomic theory as well as its role in determining employment theories, it is raised the need for a thorough ...
Bozani, Vasiliki, Drydakis, Nick
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Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley +1 more source
برآورد نرخ بیکاری همراه با تورم غیر شتابان در استانهای کشور رهیافت فیلترینگ دادهها [PDF]
این مقاله به بررسی روشهای موجود برای تخمین نرخ بیکاری همراه با تورم غیر شتابان (NAIRU) در سطح استانهای کشور میپردازد. در این مقاله از تکنیکهای آماری و روشهای فیلتریگ سریهای زمانی جهت تخمین NAIRU برای اقتصاد ایران در طی دوره 1396-1381 استفاده ...
جواد حسین زاده +3 more
doaj
In this study, the nanometer lignin was mixed with the silicon nitride staring powders, and the mixed powder was pyrolyzed and sintered to obtain a novel composite material.
Wei Chen +4 more
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