Results 211 to 220 of about 27,816 (256)
SSRN Electronic Journal, 2009 There is no Phillips curve in the United States, i.e. unemployment does not drive inflation at any time horizon. There is a statistically robust anti-Phillips curve - inflation leads unemployment by 10 quarters. Apparently, the anti-Phillips curve would be the conventional one, if the time would flow in the opposite direction.
openaire +1 more source
Some of the next articles are maybe not open access.
Related searches:
Related searches:
Sectoral Phillips curves and the aggregate Phillips curve
Journal of Monetary Economics, 2011Sector-level Phillips curves are estimated in French data. There is considerable heterogeneity across sectors, with vastly different estimates of the backward looking component of inflation and the duration of nominal rigidities. A multi-sector model of inflation dynamics is calibrated on the basis of these sectoral estimates.
Imbs, Jean +2 more
openaire +2 more sources
IFAC Proceedings Volumes, 1983
The paper describes how an optimization procedure may be utilized to uncover a relationship between wage-inflation and unemployment in a macro-econometric model taking the whole interplay of all the model's equations into consideration. The idea is to select a number of policy instruments and then with the use of these instruments to minimize wage ...
openaire +1 more source
The paper describes how an optimization procedure may be utilized to uncover a relationship between wage-inflation and unemployment in a macro-econometric model taking the whole interplay of all the model's equations into consideration. The idea is to select a number of policy instruments and then with the use of these instruments to minimize wage ...
openaire +1 more source
2019
Friedman’s observations on the Phillips curve are considered. Consonant with Macroeconomics and the Phillips curve myth, it is argued that the idea that policymakers ever believed excess demand could bring low unemployment at the expense of only stable inflation is a fiction, and that in any case, Friedman made no original arguments on the point. Close
openaire +1 more source
Friedman’s observations on the Phillips curve are considered. Consonant with Macroeconomics and the Phillips curve myth, it is argued that the idea that policymakers ever believed excess demand could bring low unemployment at the expense of only stable inflation is a fiction, and that in any case, Friedman made no original arguments on the point. Close
openaire +1 more source
2011
The Phillips curve provides the key link between the real economy and inflation and lies at the heart of our analysis. Although there are various asymmetries involved in the relationship the most obvious facet is that the relationship is referred to as a curve.
David G. Mayes, Matti Virén
openaire +1 more source
The Phillips curve provides the key link between the real economy and inflation and lies at the heart of our analysis. Although there are various asymmetries involved in the relationship the most obvious facet is that the relationship is referred to as a curve.
David G. Mayes, Matti Virén
openaire +1 more source
The Original Phillips Curve Estimates
Economica, 1976In his original estimates of the relationship that subsequently became known as the Phillips Curve, Phillips (1958) adopted an unorthodox estimation procedure. This involved replacing the 53 raw observations with six averaged values and then estimating by means of a combination of least squares and graphical inspection. Recently, Desai (1973, 1975) has
openaire +2 more sources
2016
Abstract Phillips wanted to find a way to incorporate prices into his economic models, but this was a missing link in economic experimentation. He started playing around with some UK data to address this problem, and ended up with what seemed to be a robust relationship between real and money variables.
openaire +1 more source
Abstract Phillips wanted to find a way to incorporate prices into his economic models, but this was a missing link in economic experimentation. He started playing around with some UK data to address this problem, and ended up with what seemed to be a robust relationship between real and money variables.
openaire +1 more source
The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions, including technical economics, methodology of the social ...
+7 more sources
+7 more sources
2005
Abstract The Norwegian model of inflation and the Phillips curve are rooted in the same epoch of macroeconomics. But while Aukrust’s model dwindled away from the academic scene, the Phillips curve literature ‘took off’ in the 1960s and achieved immense impact over the next four decades.
Gunnar Bårdsen +3 more
openaire +1 more source
Abstract The Norwegian model of inflation and the Phillips curve are rooted in the same epoch of macroeconomics. But while Aukrust’s model dwindled away from the academic scene, the Phillips curve literature ‘took off’ in the 1960s and achieved immense impact over the next four decades.
Gunnar Bårdsen +3 more
openaire +1 more source
Recherches économiques de Louvain, 1973
Le problème de l’évolution de courte période des salaires a donné lieu à un foisonnement d’analyses partielles, souvent contradictoires et d’ailleurs controversées. Dans un domaine qui est encore loin d’être intellectuellement maîtrisé, l’analyse de Phillips (1), malgré les controverses qu’elle a suscitées, continue à occuper une place de choix.
openaire +1 more source
Le problème de l’évolution de courte période des salaires a donné lieu à un foisonnement d’analyses partielles, souvent contradictoires et d’ailleurs controversées. Dans un domaine qui est encore loin d’être intellectuellement maîtrisé, l’analyse de Phillips (1), malgré les controverses qu’elle a suscitées, continue à occuper une place de choix.
openaire +1 more source