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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/4032Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Karanassou, Marika | - |
| dc.creator | Sala, Héctor | - |
| dc.creator | Snower, Dennis J. | - |
| dc.date | 2007 | - |
| dc.date.accessioned | 2013-10-16T06:55:54Z | - |
| dc.date.available | 2013-10-16T06:55:54Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/4032 | - |
| dc.identifier | ppn:534972977 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/4032 | - |
| dc.description | This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a phenomenon that encapsulates the interplay of nominal staggering and money growth. The existence of a downward-sloping long-run Phillips curve suggests the development of a holistic framework that can jointly explain the evolution of inflation and unemployment. Hence, we estimate an interactive dynamics model for the US that includes wage-price setting and labour market equations. We then evaluate the inflation-unemployment tradeoff and assess the impact of productivity, money growth, budget deficit, and trade deficit on the unemployment and inflation trajectories during the nineties. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Kieler Arbeitspapiere 1350 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E31 | - |
| dc.subject | E51 | - |
| dc.subject | E24 | - |
| dc.subject | E62 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Inflation dynamics | - |
| dc.subject | Unemployment dynamics | - |
| dc.subject | Phillips curve | - |
| dc.subject | Roaring nineties | - |
| dc.subject | Phillips-Kurve | - |
| dc.subject | New-Keynesian Phillips Curve | - |
| dc.subject | Theorie der Arbeitslosigkeit | - |
| dc.subject | Wirtschaftswachstum | - |
| dc.subject | Schätzung | - |
| dc.subject | USA | - |
| dc.title | The evolution of inflation and unemployment: Explaining the roaring nineties | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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