منابع مشابه
Inflation/Unemployment Regimes and the Instability of the Phillips Curve
Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United States, the United Kingdom and Germany between 1871 and 2009. We identify for each country three distinct regimes in inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the timings of the transitions between ...
متن کاملInflation Dynamics and Inflation Regimes
In this paper we develop and estimate a new-Keynesian model of inflation and use it to investigate the hypothesis that prices in the UK are re-set more frequently during periods of high inflation. In the model, firms are assumed to condition their expectations on an optimally-selected but incomplete information set and we further assume that the probability that they will reset their price in a...
متن کاملCapital Pledgeability, Inflation and Unemployment∗
We study the effects of firm’s credit condition on (1) labor market performance and (2) the inflation and unemployment relationship, in a new monetarist model. Better credit condition has positive impact on labor market as firms save on financing cost, improve profitability, and thus create more vacancies. Inflation increases the financing cost and thus discourages job creation. On the other ha...
متن کاملUnemployment, Inflation and Income Distribution: A Cross- country Analysis
This is the first study to attempt to explain income inequality using unemployment and inflation and international cross-sectional data. Using a SURE system, inflation is found to have an increasing impact on the shares of the lower 80% of the income distribution, while reducing the share of the highest 20%. Unemployment has a negative effect on the share of the first 40%, while increases the s...
متن کاملinflation, unemployment and economic crimes
introduction: there are many factors affecting crime rates. economic factors are one of them. also, nature of crimes and the effects of economic factors on them are different. economic crimes have a specific importance in economics of crime. researchers in iran don’t investigate the determinants of crime, especially economic crimes. thus, in this paper we investigate the short- and long run eff...
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ژورنال
عنوان ژورنال: Studies in Nonlinear Dynamics & Econometrics
سال: 2006
ISSN: 1558-3708
DOI: 10.2202/1558-3708.1280