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Phillips Curve and the Equalibrium Unemployment Rate

Lim, G.C.; Dixon, R.; Tsiaplias, S. - Department of Economics, Faculty of Business and Economics - 2009

inflation and the unemployment rate in Australia. The implied time-varying equilibrium unemployment rate was generated and the …

Persistent link: https://www.econbiz.de/10008460513

Which Predictor is the Best to Predict Inflation in Europe: the Real Money-gap or a Nominal Money Based Indicator?

Dufrénot, Gilles; Joyeux, Roselyne; Péguin-Feissolle, Anne - Department of Economics, Faculty of Business and Economics - 2006

central banks’ monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …

Persistent link: https://www.econbiz.de/10005423283

Japan Inside the Black Hole

Ip, Percy - Department of Economics, Faculty of Business and Economics - 2003

inflation treats only the symptom, not the disease. Trade liberalisation by Japan is superior to yen depreciation as a means of …

Persistent link: https://www.econbiz.de/10005423297

A Comment on

Henry, O.T.; Olekalns, N. - Department of Economics, Faculty of Business and Economics - 1999

Research by Ghali (1999) tested for the existence of causality between wages and prices in United States' aggregate data using a multivariate cointegration framework. We show that Ghali's model is misspecified and that the correct specification leads to a different interpretation of the long-run...

Persistent link: https://www.econbiz.de/10005574863

The Impact of Central Bank Independence and Union Concentration on Macroeconomic Perfromance in the Presence of Aggregate Supply Shocks. Evidence from 10 OECD Countries (1971-85).

Chou, Y.K. - Department of Economics, Faculty of Business and Economics - 2001

-shaped relationship between union density and inflation, and a negative relationship between union concentration and inflation. These …

Persistent link: https://www.econbiz.de/10005587607

The Effect of Collective Bargaining and Central Bank Independence on Inflation and Unemployment: Evidence From the OECD.

Chou, Y.K. - Department of Economics, Faculty of Business and Economics - 2000

monetary and labour market institutions explain a significant portion of the surprisingly diverse inflation and unemployment … wage bargaining. We observe that inflation has a hump-shaped relationship with central bank independence and union density … smaller deviations of actual inflation rates from predicted rates in the aftermath of the 1973-74 OPEC price shock. …

Persistent link: https://www.econbiz.de/10005587691