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Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …, causing both unemployment and excessive value added in exports. Moreover, excessive wages induce too much outsourcing of …
Persistent link: https://www.econbiz.de/10010265702
1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …
Persistent link: https://www.econbiz.de/10010265220
chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …
Persistent link: https://www.econbiz.de/10010276468
chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …
Persistent link: https://www.econbiz.de/10010280760
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10010295242
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10010295302
inequality or the Charybdis of unemployment. Furthermore, it looks like the continental European economies - foremost Germany and … France - sided with more egalitarian ends accepting higher unemployment whilst the liberal economies such as the United … States and the United Kingdom choose higher inequality for lower unemployment. In this paper it is argued, that the trade …
Persistent link: https://www.econbiz.de/10010298497
reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …
Persistent link: https://www.econbiz.de/10010300341
Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however … indicators are identified as significant determinants of unemployment. Endogeneity due to reverse causality is also considered by …
Persistent link: https://www.econbiz.de/10010301689
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10010321638