Is There a Phillips Curve? A Full Information Partial Equilibrium Approach
نویسندگان
چکیده
منابع مشابه
Wage Curve vs . Phillips Curve : Are There Macroeconomic Implications ?
The standard derivation of the accelerationist Phillips curve relates expected real wage in ation to the unemployment rate and invokes a constant price markup and adaptive expectations to generate the accelerationist price in ation formula. Blanch ower and Oswald (1994) argue that microeconomic evidence of a low autoregression coe cient in real wage regressions invalidates the macroeconomic Phi...
متن کاملIs There a Kuznets Curve?
No. There has never been good evidence for a pattern of rising inequality in low-income countries and falling inequality in higher income countries. The only evidence that appears to support the Kuznets hypothesis is the cross-sectional pattern of inequality levels across countries, although the Kuznets hypothesis is an assertion about the path of inequality within countries. Numerous cross-sec...
متن کاملWhy Believe That There Is a God?
This article presents an argument for the existence of God, showing that the evident phenomena are best explained by supposing that a God causes them. The argument is based on the inductive force of four very evident general phenomena: that there is a physical Universe; that it is governed by very simple natural laws; that those laws are such as to lead to the existence of human bodies; and tha...
متن کاملVitamin D: Is There a New Era?
Background: In recent decades, much interest has been focused on investigating new roles of vitamin D in human body beyond the mineral-ion homeostasis. Methods: By searching medical databases such as PubMed, over 16000 articles were found which have been published since 2000 on novel aspects of vitamin D in health and diseases. Results: Of great interest was the effects of vitamin D on ...
متن کاملA Cruise Around the Phillips Curve
For Britain, during the long period Phillips studied, an unemployment rate of about 2.5% was associated with a rise in wages of about 2% each year. Allowing for productivity growth, that was roughly consistent with stable prices. By and large, higher rates of unemployment were observed when prices were falling; lower rates were observed when prices were rising. The lower the rate of joblessness...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: IMF Working Papers
سال: 2018
ISSN: 1018-5941
DOI: 10.5089/9781484345207.001