Results 51 to 60 of about 3,173,504 (270)
THE PHILLIPS CURVE IN PORTUGAL
Análise Econômica, 2013 This paper estimates the Phillips curve in Portugal using the Johansen Method, with the wage inflation rate as a dependent variable, based on annual data from the period 1954-1995. The main conclusions are as follows. Firstly, in the long term, the wage inflation rate relates positively to the inflation rate and negatively to the unemployment rate, as ...
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Movement of unemployment and inflation in the Eurozone [PDF]
Ekonomski Pogledi, 2018 Analysis of movement of unemployment and inflation in the observed period makes the basic object of this paper. Received results are grouped on the way that they can be used during the forming of future measures of macroeconomic policy.
Srzentić Miloš
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Phillips Curve: The Greek Case
Europaeum review, 2020 One of the most important problems facing Greece is the long-term and high-level unemployment rate. The Economic Adjustment Programmes (EAPs) focused on the supply side of the economy, aiming at the adjustment of prices and wages, draw on the classical ...
P. Liargovas, Marios Psychalis
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THE RETURN OF THE WAGE PHILLIPS CURVE [PDF]
Journal of the European Economic Association, 2010 The standard New Keynesian model with staggered wage setting is shown to imply a simple dynamic relation between wage inflation and unemployment. Under some assumptions, that relation takes a form similar to that found in empirical wage equations-starting from Phillips' (1958) original work-and may thus be viewed as providing ...
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Heterogeneous beliefs and the Phillips curve [PDF]
Journal of Monetary Economics, 2019 We establish a set of novel empirical facts concerning cross-section distributions of inflation expectations reported in surveys. Almost all the variation in expectations about their mean may be summarized via three factors we call disagreement, skew, and shape. We adopt a functional principal component regression approach to estimating forward-looking
Roland Meeks, Francesca Monti
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Understanding the flattening Phillips curve [PDF]
The North American Journal of Economics and Finance, 2010 Abstract Policy-makers have recently noted an apparent flattening of the Phillips curve. The implications of such a change include that a positive output gap would be less inflationary, but the cost of reducing inflation, once established, would increase. This paper’s objective is to review the evidence and possible explanations for the flattening of
Ken Kuttner, Tim Robinson
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Phillips Curve Inflation Forecasts [PDF]
, 2008 This paper surveys the literature since 1993 on pseudo out-of-sample evaluation of inflation forecasts in the United States and conducts an extensive empirical analysis that recapitulates and clarifies this literature using a consistent data set and methodology.
James H. Stock, Mark W. Watson
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Optimal Inflation and the Identification of the Phillips Curve
NBER macroeconomics annual, 2018 Several academics and practitioners have pointed out that inflation follows a seemingly exogenous statistical process, unrelated to the output gap, leading some to argue that the Phillips curve has weakened or disappeared.
M. McLeay, Silvana Tenreyro
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The Phillips and Beveridge curves revisited [PDF]
Economics Letters, 2000 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Chéron, A., Langot, François
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Testing Phillips Curve For Serbian And Romanian Economy [PDF]
Revista Română de Statistică, 2018 The subject of this work is the Phillips curve paradigm in macroeconomics with an emphasis on its development in New Keynesian theory. The main objective of the work is to reach scientifically relevant and practically useful knowledge on the concept of ...
Srdjan Furtula +2 more
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