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The focus of our study is on determining whether unemployment rates in 8 New Industrialized Economies conform to the natural rate hypothesis or the hysteresis hypothesis.
Dieu Nsenga +4 more
doaj +2 more sources
Nothing Natural About the Natural Rate of Unemployment
Why is unemployment so low in several countries where inflation remains subdued? This phenomenon is a challenge to present-day economics.
E. Phelps
openaire +3 more sources
Inflation, Flexible Exchange Rates, and the Natural Rate of Unemployment [PDF]
The most important conclusion of this paper is that the growth rate of the money supply influences the U.S. inflation rate more strongly and promptly than in most previous studies, because the flexible exchange rate system has introduced an additional channel of monetary impact, over and above the traditional channel operating through labor-market ...
R. Gordon
semanticscholar +3 more sources
This research study investigates the natural rate of unemployment and the Expectations Augmented Phillips Curve for Chinese economy by analyzing the data ranging from 1980 to 2020.
Mazhir Nadeem Ishaq +2 more
semanticscholar +1 more source
The Dynamics of Unemployment in Poland from 1992 to 2017
Two alternative approaches can be found in the literature on the dynamics of unemployment. The first approach is based on the theory of a natural rate of unemployment. Under this theory, the economy can depart from the natural rate of unemployment in the
Andrzej Pisulewski
doaj +1 more source
An investigation into the determinants of the South African unemployment rate, 1970-2002
From 1970 to 1977 unemployment in South Africa oscillated around a near-constant mean. Since 1983 unemployment has shown a definite upward trend defying the existence of a long-run natural rate.
Christie Schoeman +2 more
doaj +3 more sources
Hysteresis in Unemployment: Evidence from OECD Estimates of the Natural Rate
This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates for 29 countries from the OECD.
Laurence Ball, Joern Onken
semanticscholar +1 more source
The Covid-19 outbreak that spreads to almost all countries in the world is predicted to have a huge impact on world economic growth. In early 2020, there were many disasters ranging from floods, natural disasters such as tornadoes, landslides, mountain ...
A. Hidayat +2 more
semanticscholar +1 more source
The decline of activist stabilization policy : natural rate misperceptions, learning, and expectations [PDF]
We develop an estimated model of the U.S. economy in which agents form expectations by continually updating their beliefs regarding the behavior of the economy and monetary policy.
Orphanides, Athanasios +1 more
core +2 more sources
The Rise of the Natural-Rate of Unemployment Model [PDF]
With respect to political mythology, the Northern spring of 1968 is chiefly remembered (like its forerunner of 1848) as a \u27springtime\u27 of youthful and hirsute left-revolutionary fervour.
Leeson, Robert
core +3 more sources

