Showing 1 - 10 of 48
Persistent link: https://www.econbiz.de/10003012795
Persistent link: https://www.econbiz.de/10002512028
Persistent link: https://www.econbiz.de/10009316920
A stable predictive relationship between inflation and the output gap, often referred to as a Phillips curve, provides the basis for countercyclical monetary policy in many models. In this paper, we evaluate the usefulness of alternative univariate and multivariate estimates of the output gap...
Persistent link: https://www.econbiz.de/10014067285
Persistent link: https://www.econbiz.de/10013424565
Persistent link: https://www.econbiz.de/10001304069
The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage rigidities, despite the fact that these rigidities now figure prominently in workhorse macroeconomic models. We therefore integrate staggered price- and wage-setting into an...
Persistent link: https://www.econbiz.de/10013103408
The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage rigidities, despite the fact that these rigidities now figure prominently in workhorse macroeconomic models. We therefore integrate staggered price- and wage-setting into an...
Persistent link: https://www.econbiz.de/10009580023
Persistent link: https://www.econbiz.de/10003376175
Persistent link: https://www.econbiz.de/10003549223