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Testing downward rigidity in wage and price Phillips curves for the United States

Chen, Pu; Flaschel, Peter - In: Advances in macroeconometric modeling : papers and …, (pp. 77-107). 2005

Persistent link: https://www.econbiz.de/10002832526

Measuring the interaction of wage and price Phillips curves for the U.S. economy

Chen, Pu (contributor); Flaschel, Peter (contributor) - In: Studies in nonlinear dynamics and econometrics : SNDE ; … 10 (2006) 4, pp. 1-33

Persistent link: https://www.econbiz.de/10003559149

Wage : price dynamics and financial market in a disequilibrium macro model : a Keynes-Kaldor-Minsky modeling of recession and inflation using VECM

Chen, Pu; Semmler, Willi - In: Journal of economic behavior & organization 220 (2024), pp. 433-452

Persistent link: https://www.econbiz.de/10014553152

Wage – Price Dynamics and Financial Market in a Disequilibrium Macro Model : A Keynes – Kaldor – Minsky Modeling of Recession and Inflation Using VECM

Semmler, Willi; Chen, Pu - 2023

This paper studies wage-price dynamics in the context of a disequilibrium macro model where there are two Phillips (PC) curves, a wage PC and price PC. We adapt this framework but introduce a Kaldorian delay effect in wage dynamics whereby output and sales predate wage dynamics. Though along...

Persistent link: https://www.econbiz.de/10014362178

Keynesian Macrodynamics and the Phillips Curve: An Estimated Model for the U.S. Economy

Chen, Pu; Chiarella, Carl; Flaschel, Peter; Semmler, Willi - In: Quantitative and empirical analysis of nonlinear …, (pp. 229-284). 2006

Persistent link: https://www.econbiz.de/10015385580

Estimated inflation costs had European unemployment been reduced in the 1980s by macro policies

Fair, Ray C. - In: Journal of macroeconomics 21 (1999) 1, pp. 1-28

Persistent link: https://www.econbiz.de/10001256136

Econometrics and presidential elections

Fair, Ray C. - In: The journal of economic perspectives : EP ; a journal … 10 (1996) 3, pp. 89-102

Persistent link: https://www.econbiz.de/10001210549

On modeling the effects of inflation shocks

Fair, Ray C. (contributor) - In: Contributions to macroeconomics 2 (2002) 1

Persistent link: https://www.econbiz.de/10001739724

Estimated trade-offs between unemployment and inflation

Fair, Ray C. - 1984

Persistent link: https://www.econbiz.de/10002131334

Estimated Trade-Offs Between Unemployment and Inflation

Fair, Ray C. - 1984

Three models of price and wage behavior are estimated and tested in this paper. Model 1 is one in which the long-run trade-off between unemployment and inflation is in terms of price levels; Model 2 is one in which the trade-off is in terms of rates of change; and Model 3 is one in which there is...

Persistent link: https://www.econbiz.de/10012477713