Results 301 to 310 of about 331,163 (349)
Inflation Expectations and Nonlinearities in the Phillips Curve
, 2017 Alexander Doser +3 more
openalex +1 more source
Some of the next articles are maybe not open access.
Related searches:
Related searches:
Carnegie-Rochester Conference Series on Public Policy, 1976
Henry Thornton, and David Hume before him, understood that the initial effect of a change in the quantity of money was on output. Hume's analysis of the gold standard and Thornton's discussion of paper money leave no doubt that departures from steady state equilibrium output were neither ruled out of the analysis nor denied.
Brunner, Karl, Meltzer, Allan
openaire +2 more sources
Henry Thornton, and David Hume before him, understood that the initial effect of a change in the quantity of money was on output. Hume's analysis of the gold standard and Thornton's discussion of paper money leave no doubt that departures from steady state equilibrium output were neither ruled out of the analysis nor denied.
Brunner, Karl, Meltzer, Allan
openaire +2 more sources
2020
This chapter pays attention to the Philipps Curve. This theory states that inflation and unemployment have a stable and inverse relationship (Phillips 1958). In this theory, economic growth is expected to generate inflation and more work opportunities, which decrease unemployment.
Tankiso Moloi, Tshilidzi Marwala
openaire +2 more sources
This chapter pays attention to the Philipps Curve. This theory states that inflation and unemployment have a stable and inverse relationship (Phillips 1958). In this theory, economic growth is expected to generate inflation and more work opportunities, which decrease unemployment.
Tankiso Moloi, Tshilidzi Marwala
openaire +2 more sources
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
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