Add to ORKGThe paper conjectures that there has been a fundamental shift in the way the labour market interacts with the inflation generating process in Australia around the time of the 1991 recession. The results suggest that the short-term unemployment rate (STUR) constrains the annual inflation rate more than the overall unemployment rate (UR) and that the level of underemployment (UE) exerts a separate negative impact on the inflation process. It is clear that within-firm excess supply of labour is now an important disciplining factor on price inflation
A quantitative model is presented linking the rate of inflation and unemployment to the change in th...
In this paper we discuss the development of Phillips curves in Australia over the forty years since ...
Traditional macroeconometric models of the Australian economy estimate the behaviour of wage and pri...
[Extract] It is clear that the official unemployment data significantly underestimates the extent of...
This paper presents revised estimates of the two hours-based measures of labour underutilisation in ...
In this paper we propose that the rise in underemployment has changed the wage setting process in th...
The authors of this paper argue that the claim by the previous government that inflation fears were ...
This paper examines the costs of inflation and unemployment encountered in the post-war Australian e...
This paper examines the costs of inflation and unemployment encountered in the post-war Australian e...
One of the major emerging macroeconomic problems during the past century has been the tendency for i...
One of the major emerging macroeconomic problems during the past century has been the tendency for i...
Low and stable inflation has been a feature of the Australian economy for the past decade. Australia...
One explanation for concurrent levels of high unemployment and inflation during the 1980s and early ...
ISSN 1328-4991 (Print) ISSN 1447-5863 (Online) ISBN 0734031181 Melbourne Institute Working Paper No....
This paper highlights the problem of inflation volatility in Australia and deploys quarter-on-quarte...
A quantitative model is presented linking the rate of inflation and unemployment to the change in th...
In this paper we discuss the development of Phillips curves in Australia over the forty years since ...
Traditional macroeconometric models of the Australian economy estimate the behaviour of wage and pri...
[Extract] It is clear that the official unemployment data significantly underestimates the extent of...
This paper presents revised estimates of the two hours-based measures of labour underutilisation in ...
In this paper we propose that the rise in underemployment has changed the wage setting process in th...
The authors of this paper argue that the claim by the previous government that inflation fears were ...
This paper examines the costs of inflation and unemployment encountered in the post-war Australian e...
This paper examines the costs of inflation and unemployment encountered in the post-war Australian e...
One of the major emerging macroeconomic problems during the past century has been the tendency for i...
One of the major emerging macroeconomic problems during the past century has been the tendency for i...
Low and stable inflation has been a feature of the Australian economy for the past decade. Australia...
One explanation for concurrent levels of high unemployment and inflation during the 1980s and early ...
ISSN 1328-4991 (Print) ISSN 1447-5863 (Online) ISBN 0734031181 Melbourne Institute Working Paper No....
This paper highlights the problem of inflation volatility in Australia and deploys quarter-on-quarte...
A quantitative model is presented linking the rate of inflation and unemployment to the change in th...
In this paper we discuss the development of Phillips curves in Australia over the forty years since ...
Traditional macroeconometric models of the Australian economy estimate the behaviour of wage and pri...