Inflation Convergence and the New Keynesian, Phillips Curve in the Czech Republic [PDF]
The New Keynesian Phillips Curve has become an important part of modern monetary policy models. It describes the relationship between inflation and real marginal cost, which is derived from micro-founded models with rational expectations, sticky prices ...
Katarína Danišková, Jarko Fidrmuc
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ABSTRACT This study identifies and conceptualises the grey zone of stakeholder engagement and explores how it manifests in a collaborative context related to the promotion of a circular economy. While prior research on stakeholder engagement has highlighted the positive, value‐creating bright side or the harmful dark side of stakeholder engagement, we ...
Annika Blomberg +2 more
wiley +1 more source
Phillips curve in a small open economy: A time series exploration of North Cyprus [PDF]
The paper explores the existence and the stability of Phillips curve for North Cyprus, a small developing economy, using time series data. ADF unit root test is employed to check for stationarity.
Shabbir, Muhammad +2 more
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Board Networks and Corporate Carbon Emissions: A Cross‐Country Analysis of Causal Effects
ABSTRACT This study examines whether board networks influence corporate carbon emissions and the strategic pathways through which firms decarbonize. Using a sample of 1952 firms across 48 countries from 2003 to 2020, we employ dynamic stacked regressions that exploit exogenous carbon‐regulation shocks affecting firms connected through shared third ...
Katarzyna Burzynska +3 more
wiley +1 more source
Monetary Union Stability: The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations [PDF]
This paper examines the theory of the Phillips curve, focusing on the distinction between "formation" of inflation expectations and "incorporation" of inflation expectations. Phillips curve theory has largely focused on the former.
Thomas I. Palley
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Supply Chain Network, ESG Scores and Financial Performance
ABSTRACT This paper provides novel evidence on the role of supply chain networks in influencing firms' environmental, social and governance (ESG) scores and financial performance. Our analysis employs financial, board, ESG and supply chain data, resulting in an unbalanced panel of over 16,000 firm‐year observations from 3028 publicly traded US firms ...
Michail Filippidis +2 more
wiley +1 more source
Does Modern Econometrics replicate the Phillips Curve? [PDF]
This paper reexamines the existence of a long-run relationship between wages and unemployment in the U.K., with data over the period 1860-1913 used by A.W. Phillips to derive the well-known Phillips Curve.
Shadman-Mehta, Fatemeh
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Asset Redeployability and Biodiversity Risk
ABSTRACT We examine how asset redeployability influences a firm's exposure to biodiversity risk. Our empirical analysis provides robust evidence that firms possessing greater levels of redeployable assets exhibit significantly lower biodiversity risk.
Mostafa Monzur Hasan +2 more
wiley +1 more source
From Waste to Worth: The Case for Modular and Upgradable Electronics in a Sustainable Future
ABSTRACT The rapid obsolescence of electronic products poses a major challenge to sustainable development due to rising e‐waste. Modular and upgradable product (MUP) architectures offer a promising approach to extend product lifetimes and reduce environmental impact. This study investigates how consumer perceptions and behaviours affect the adoption of
Mees Groothuis, Negin Salimi
wiley +1 more source
Comparing alternative Phillips curve specifications: European results with survey-based expectations [PDF]
This paper examines inflation dynamics in Europe. Econometric specification tests with pooled European data are used to compare the empirical performance of the New Classical, New Keynesian and Hybrid specifications of the Phillips curve.
Paloviita , Maritta
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