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current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model … correction terms, and indirectly of income distribution, in the dynamics of wage and price inflation in the U.S. and the euro …
Persistent link: https://www.econbiz.de/10003744531
This study uses 1971-2013 panel data to explore the implications of growth, wealth disparities and energy consumption …
Persistent link: https://www.econbiz.de/10011816704
to 2008. Our analysis is carried out on a panel of 23 up to 27 household-specific inflation rates per country for 15 … cross-country differences in inflation inequality with respect to the number of driving forces in the panel. In particular …We analyze cross-household inflation dispersion in Europe using "fictitious" monthly inflation rates for several …
Persistent link: https://www.econbiz.de/10010425224
, the Argentine economy transitioned from a low‐ to a high‐inflation regime, while collective bargaining and the minimum … low to high inflation, the monthly frequency of regular‐wage changes almost doubled, while the distribution of regular …
Persistent link: https://www.econbiz.de/10014306240
-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt … chiefly centre around the treatment of price inflation expectations ('indexation') and the incorporation of bargaining power … in wage- and price-inflation equations. BSL variants generally yield stable price Phillips curves, stable distribution …
Persistent link: https://www.econbiz.de/10014456520
are taken from Eurostat and (Schneider et al., 2010); (Schneider, 2013). The elaboration of these panel data is made …
Persistent link: https://www.econbiz.de/10013072741
of regular wage adjustments within job spells. As the Argentine economy transitioned from low to high inflation, the …
Persistent link: https://www.econbiz.de/10012592395
In the present paper it will be pointed out with panel data that inflation worsens income distribution, but not in a … linear way. More specifically, at lower inflation levels as inflation goes up, then income distribution worsens more rapidly … than in the case of higher inflation levels (hyperinflation). The sample covers annually most western European countries …
Persistent link: https://www.econbiz.de/10013148586
This paper empirically evaluates the economic performance of U.S. state governors who came to the position from a business background (CEO governors), focusing on the growth rate of real personal income per capita, unemployment rate, and income inequality. Methodologically, we apply a matching...
Persistent link: https://www.econbiz.de/10011285355
Unprecedented demographic changes are set to unfold in most of the industrialized world. They are relevant not only because of the diminishing pool of workers, but also because of the increasing importance of retirees as an economic class. Retirees' consumption and saving patterns can differ...
Persistent link: https://www.econbiz.de/10003844116