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Dynamic analysis for employment substitution effect of robots fused with deep learning models and artificial intelligence. [PDF]

Sci Rep
Gao Y.
europepmc   +1 more source

The Impact of Tax, Product and Labour Market Distortions on the Phillips Curve and the Natural Rate of Unemployment

Economics: Journal Articles, 2007
Nikola Bokan, Andrew Hughes Hallett
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Unemployment flows, participation, and the natural rate of unemployment: Evidence from turkey

Journal of Macroeconomics, 2020
Abstract We use a parsimonious unobserved components model with flow rates to estimate a time-varying unemployment rate trend for Turkey. Our approach is grounded in the modern theory of labor market search. This trend estimate yields a level that the unemployment rate would converge to in the absence of cyclical shocks that move different flow rates
Gonul Sengul, Murat Taşçı
exaly   +2 more sources

The Minimum Wage and Natural Rate of Unemployment

Atlantic Economic Journal, 2023
Donald Vitaliano
exaly   +2 more sources

In search of the natural rate of unemployment

Journal of Monetary Economics, 2004
We use a structural-VAR model to estimate the steady-state rate of unemployment, which we define as the natural rate. Although nothing constrains it to do so, the natural rate measured by this approach implies a strong negative relationship between cyclical unemployment and inflation, adding to the empirical evidence for a short-run Phillips Curve ...
Thomas B. King, James Morley
openaire   +1 more source

The natural rate of unemployment

2023
The natural rate of unemployment hypothesis was a groundbreaking concept (Friedman & Phelps, 1967, 1968); however, with the introduction of the hysteresis hypothesis in unemployment rate (Blanchard & Summers, 1986) the existence of the natural rate is severely questioned by large number of economists.
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Friedman’s Characterization of the Natural Rate of Unemployment [PDF]

, 2016
Arguably, of the many pioneering classics authored by Milton Friedman, it is his Presidential Address to the American Economic Association, in December, 1967, published as The Role of Monetary Policy in the AEA, in March, 1968, that may have had the greatest impact in serious policy circles.
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A Model of the Natural Rate of Unemployment

1986
Since the publication of Edmund Phelps' volume, the "new" macroeconomics has treated the labor market as a dynamic process of rational search by unemployed workers for available vacancies. Wages are viewed as at least potentially flexible, though free contracting between workers and firms may lead to fixed wages in the short run.
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Money and the Natural Rate of Unemployment

2000
The prevailing view among economists and policy makers is that money has no impact on production in a longer term characterised by full price and wage flexibility and rational expectations. This book presents a revisionist view of monetary policy and monetary regimes.
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The active role of the natural rate of unemployment

Research in Economics
We propose that the natural rate of unemployment may have an active role in the business cycle, in contrast to a widespread view that the rate is fairly smooth and at most only weakly cyclical. We demonstrate that the tendency to treat the natural rate as near-constant would explain the surprisingly low slope of the Phillips curve.
Robert E. Hall, Marianna Kudlyak
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