أعرض تسجيلة المادة بشكل مبسط

dc.creator Karanassou, Marika
dc.creator Sala, Héctor
dc.creator Snower, Dennis J.
dc.date 2003
dc.date.accessioned 2013-10-16T06:23:07Z
dc.date.available 2013-10-16T06:23:07Z
dc.date.issued 2013-10-16
dc.identifier IZA discussion papers Forschungsinstitut zur Zukunft der Arbeit, Bonn 876
dc.identifier http://hdl.handle.net/10419/3051
dc.identifier ppn:371069505
dc.identifier ppn:371069505
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3051
dc.description This paper has two aims. First, it provides simple theoretical models that highlight two channels whereby monetary shocks have permanent real effects and the interactions between these channels. Second, it presents an empirical dynamic model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results suggest that the tradeoff is far from vertical. We also find that wage persistence plays a larger role than price persistence in generating the tradeoff, but that the two forms of persistence are complementary in giving monetary policy its long-run real effects. Our results call for a reassessment of the European macroeconomic experience.
dc.language eng
dc.publisher Forschungsinstitut zur Zukunft der Arbeit, Bonn
dc.relation Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit 876
dc.relation IZA Discussion paper series 876
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E3
dc.subject E5
dc.subject J3
dc.subject E2
dc.subject E4
dc.subject ddc:330
dc.subject Phillips curve , nominal inertia , monetary policy , business cycles , forward-looking expectations , homogeneous dynamic panels
dc.subject Phillips-Kurve
dc.subject Natürliche Arbeitslosigkeit
dc.subject Geldpolitik
dc.subject Transmissionsmechanismus
dc.subject Schätzung
dc.subject EU-Staaten
dc.title The European Phillips curve : does the NAIRU exist?
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط