Add to ORKGThis paper uses a multicountry econometric model to estimate what the inflation costs would have been if macropolicies had reduced European unemployment in the 1982:1-1990:4 period. A "non-NAIRU" framework is proposed for thinking about these costs.
OctoberThe Phillips curve depicted a trade-off between unemployment and inflation. As the economy gr...
Unemployment in the big continental European economies like France and Germany has been substantiall...
The unemployment inflation trade-off can be interpreted as a proposition concerning the response of ...
This paper uses a multicountry econometric model to estimate what the inflation costs would have bee...
Econometric evidence suggests that the non-accelerating inflation rate of unemployment (the NAIRU) h...
The results in this paper, based on estimating and testing price equations for 30 countries, do not ...
© 2016 The Author. Inflation and unemployment reduce welfare of individuals and should be as low as ...
In 1994, economists in the United States were virtually unanimous in believing that the unemployment...
The paper aims at a more complete, yet still parsimonious, explanation of macro-economic policy fail...
This paper tests the reduced form New Keynesian Wage Phillips Curve in several advanced countries fo...
Unemployment in the big continental European economies like France and Germany has been substantiall...
The non-accelerating inflation rate of unemployment (NAIRU) is an unemployment rate or range of une...
The persistence of inflation during periods of high unemployment poses the central problem for macro...
Estimating natural rate of unemployment (NAIRU) is important for understanding the joint dynamics of...
This paper examines how disinflation in high inflation economies affects unemployment levels. Accord...
OctoberThe Phillips curve depicted a trade-off between unemployment and inflation. As the economy gr...
Unemployment in the big continental European economies like France and Germany has been substantiall...
The unemployment inflation trade-off can be interpreted as a proposition concerning the response of ...
This paper uses a multicountry econometric model to estimate what the inflation costs would have bee...
Econometric evidence suggests that the non-accelerating inflation rate of unemployment (the NAIRU) h...
The results in this paper, based on estimating and testing price equations for 30 countries, do not ...
© 2016 The Author. Inflation and unemployment reduce welfare of individuals and should be as low as ...
In 1994, economists in the United States were virtually unanimous in believing that the unemployment...
The paper aims at a more complete, yet still parsimonious, explanation of macro-economic policy fail...
This paper tests the reduced form New Keynesian Wage Phillips Curve in several advanced countries fo...
Unemployment in the big continental European economies like France and Germany has been substantiall...
The non-accelerating inflation rate of unemployment (NAIRU) is an unemployment rate or range of une...
The persistence of inflation during periods of high unemployment poses the central problem for macro...
Estimating natural rate of unemployment (NAIRU) is important for understanding the joint dynamics of...
This paper examines how disinflation in high inflation economies affects unemployment levels. Accord...
OctoberThe Phillips curve depicted a trade-off between unemployment and inflation. As the economy gr...
Unemployment in the big continental European economies like France and Germany has been substantiall...
The unemployment inflation trade-off can be interpreted as a proposition concerning the response of ...