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The New Keynesian Phillips Curve in an inflation targeting country : the case of Turkey

Gozgor, Giray - In: International journal of economic sciences and applied … 6 (2013) 1, pp. 7-18

The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …

Persistent link: https://www.econbiz.de/10010160677

The effectiveness of stock prices on the phase of short-term interest rates : evidence from Eastern European countries

Yıldırım, Nurtac; Ozcelebi, Oguzhan; Kansu, Aydan - In: Advances in management & applied economics 3 (2013) 4, pp. 21-35

major role on the phase of the short-term interest rates in Eastern European countries implementing inflation targeting …

Persistent link: https://www.econbiz.de/10010148062

Net worth ratio and financial instability

Watanabe, Toshio - In: Journal of economic structures : JES; the official … 2 (2013), pp. 1-18

formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and …

Persistent link: https://www.econbiz.de/10010186054

Persistent inter‐industry wage differences : rent sharing and opportunity costs

Abowd, John M.; Kramarz, Francis; Lengermann, Paul … - In: IZA Journal of Labor Economics 1 (2012), pp. 1-25

We reconsider the potential for explaining inter-industry wage differences by decomposing those differences into parts due to individual and employer heterogeneity, respectively. Using longitudinally linked employer-employee data, we estimate the model for the United States and France. The part...

Persistent link: https://www.econbiz.de/10010118860

Labour market and labour market policies during great recession the case of Estonia

Eamets, Raul - In: IZA Journal of European Labor Studies 2 (2013), pp. 1-25

The purpose of the paper is to analyse how labour market and labour market institutions reacted during recent crises. In early 1990s Estonia introduced a set of rather unique policy options like currency board as a ground for monetary policy, low taxes, open foreign trade policy, low public...

Persistent link: https://www.econbiz.de/10010186097

Wage setting in Slovenia : interpretation of the Wage Dynamics Network (WDN) survey findings in an institutional and macroeconomic context

Banerjee, Biswajit; Vodopivec, Matija; Sila, Urban - In: IZA Journal of European Labor Studies 2 (2013), pp. 1-23

This paper examines responses to questions on wage setting features in Slovenia’s Wage Dynamics Network (WDN) survey in the institutional and macroeconomic context of the Slovene economy. The question on collective wage agreement did not capture the prevailing institutional arrangement of...

Persistent link: https://www.econbiz.de/10010186102

Rationalizing incomes policy in Britain, 1948 - 1979

Backhouse, Roger E.; Forder, James - In: History of economic thought and policy 2 (2013) 1, pp. 17-35

Persistent link: https://www.econbiz.de/10010147742

Job security and the age-composition of employment : evidence from Chile

Pagés, Carmen; Montenegro, Claudio E. - In: Estudios de economía 34 (2007) 2, pp. 109-139

This paper develops and tests a mechanism by which job security affects the age-composition of employment. This mechanism is based on the relative costs of dismissing young versus older workers resulting from job security provisions that are related to tenure. Using 39 consecutive annual...

Persistent link: https://www.econbiz.de/10009959084

Wage and occupational assimilation by skill level : migration policy lessons from Spain

Rodríguez-Planas, Núria - In: IZA Journal of European Labor Studies 1 (2012), pp. 1-24

. -- unemployment dynamics ; structural multi-equation models ; chain reaction theory ; simulations ; PIGS …

Persistent link: https://www.econbiz.de/10010118876

Who bears the cost of the business cycle? : labor-market institutions and volatility of the youth unemployment rate

Kawaguchi, Daiji; Murao, Tetsushi - In: IZA Journal of Labor Policy 1 (2012), pp. 1-22

The way age-specific unemployment rates fluctuate over the business cycle differs significantly across countries. This paper examines the effect of labor-market institutions on the fluctuations of age-specific unemployment rates based on panel data of 18 OECD countries between 1971 and 2008....

Persistent link: https://www.econbiz.de/10010118881