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Displaying results 1 to 12 of 12.

  1. Confidence intervals for ratios
    econometric examples in Stata and R
    Author: Lye, Jenny N.; Hirschberg, Joseph G.
    Published: July 2018
    Publisher:  University of Melbourne, Department of Economics, Melbourne

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 15 (2037)
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9780734054227
    Edition: Revised
    Series: [Working papers / The University of Melbourne, Department of Economics ; 2037]
    Subjects: turning points; quadratic specification; interaction terms; long-run elasticities; willingness-to-pay; NAIRU; 2SLS & ILS; Stata; R
    Scope: 1 Online-Ressource (circa 83 Seiten), Illustrationen
  2. Variation in the Phillips Curve relation across three phases of the business cycle
    Author: Ashley, Richard A.; Verbrugge, Randal
    Published: 2019
    Publisher:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 36
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working paper / Federal Reserve Bank of Cleveland ; 19, 09 (May 2019)
    Subjects: overheating; recession gap; persistence dependence; NAIRU
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  3. The active role of the natural rate of unemployment during cyclical recoveries
    Author: Hall, Robert E.; Kudlyak, Marianna
    Published: November 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We propose that the natural rate of unemployment has an active role in the business cycle, in contrast to the prevailing view that the rate is essentially constant. We demonstrate that this tendency to treat the natural rate as near-constant would... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 4
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    We propose that the natural rate of unemployment has an active role in the business cycle, in contrast to the prevailing view that the rate is essentially constant. We demonstrate that this tendency to treat the natural rate as near-constant would explain the surprisingly low slope of the Phillips curve. We show that the natural rate closely tracked the actual rate during the long recovery that began in 2009 and ended in 2020. We explain how the common finding of research in the Phillips-curve framework of low - often extremely low - response of inflation to unemployment could be the result of fairly close tracking of the natural rate and the actual rate in recoveries. Our interpretation of the data contrasts to that of most Phillips-curve studies, that conclude that inflation has little relation to unemployment. We suggest that the flat Phillips curve is an illusion caused by assuming that the natural rate of unemployment has little or no movement during recoveries.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/282708
    Series: Discussion paper series / IZA ; no. 16581
    Subjects: business cycle; recovery; unemployment; recession; monetary policy; natural rate of unemployment; inflation anchor; NAIRU
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  4. The natural rate of unemployment in Estonia: empirical determinants and a new semi-structuralmodel
    Author: Kulikov, Dmitry; Reigl, Nicolas
    Published: 2023
    Publisher:  Eesti Pank, Tallinn

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 565
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789916710104
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    Series: Working paper series / Eesti Pank ; 2023, 6
    Subjects: natural rate of unemployment; unemployment gap; NAIRU; panel data; semi-structural modelling; model averaging
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  5. The downward glide of the natural rate of unemployment during cyclical recoveries could explain flat phillips curves
    Author: Hall, Robert E.; Kudlyak, Marianna
    Published: 21 October 2023
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    LZ 161
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18544
    Subjects: usiness Cycle; Recovery; Unemployment; Recession; Monetary Policy; NaturalRate of Unemployment; Inflation Anchor; NAIRU
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  6. Do labour market reforms pay off?
    unemployment and capital accumulation in Portugal
    Author: Damásio, Bruno; Martins, Diogo
    Published: [2017]
    Publisher:  ISEG - School of Economics and Management, Department of Economics, University of Lisbon, Lisbon

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / ISEG, Lisbon School of Economics & Management, Department of Economics ; WP 2017, 01 DE/DM
    Subjects: NAIRU; Unemployment; Capital Accumulation; Labour Market Institutions,ARDL; Bounds Test; Post Keynesian Economics
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  7. The NAIRU and informality in the Mexican labor market
    Author: Aguilar-Argaez, Ana María; Alcaraz, Carlo; Ramírez, Claudia; Rodríguez-Pérez, Cid Alonso
    Published: February 2022
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 546
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 1005
    Subjects: Unemployment; Informality; NAIRU; Business cycle
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  8. Long-term unemployment, hysteresis and missing deflation
    reconsidering the New-Keynesian approach by means of an 'old' Phillips curve
    Author: Romaniello, Davide
    Published: [2022]
    Publisher:  Università di Siena, [Siena]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 444
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Quaderni del Dipartimento di economia politica e statistica ; n. 880 (maggio 2022)
    Subjects: Hysteresis; long-term unemployment; NAIRU; conflict-claim inflation
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  9. Estimating time-varying potential output and NAIRU using a multivariate filter for Turkey
    Author: Gökcü, Mert
    Published: [2021]
    Publisher:  Central Bank of the Republic of Turkey, Head Office, Structural Economic Research Department, Ankara, Turkey

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 496
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Türkiye Cumhuriyet Merkez Bankası ; no: 21, 39 (December 2021)
    Subjects: Potential Output; Output Gap; NAIRU; Multivariate Filter; Bayesian Estimation
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  10. Estimating the natural rate of unemployment for Ukraine
    Author: Vdovychenko, Artem
    Published: [2022]
    Publisher:  Graduate Institute of International and Development Studies, International Economics Department, Geneva, Switzerland

    In this study, we apply the Kalman filter to estimate the set of reduced-form Phillips curves for different types of inflation in Ukraine. Based on the estimated models, we derive a number of series of non-accelerating inflation rate of unemployment... more

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    DS 272
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    In this study, we apply the Kalman filter to estimate the set of reduced-form Phillips curves for different types of inflation in Ukraine. Based on the estimated models, we derive a number of series of non-accelerating inflation rate of unemployment (NAIRU) that provide information about the general trajectory and last tendencies of trend unemployment. To better identify the unemployment trend, we include indicators of long-term unemployment and the Beveridge curve shifts as exogenous variables in the NAIRU equation. Both variables demonstrate a significant impact on NAIRU dynamics. Our estimates show that the Phillips curve slope in Ukraine lies in a standard range of -0.3 to -0.5, with high statistical significance. The median value of estimated NAIRUs was at its lowest at 7.2% at the end of 2008, after which it gradually increased to 9.4% by the end of 2021.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/278192
    Series: Working paper series / Graduate Institute of International and Development Studies, International Economics Department ; no. HEIDWP2022, 21
    Subjects: Phillips curve; unemployment; NAIRU; Kalman filter; Beveridge curve
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  11. Climate hysteresis and monetary policy
    Author: Panton, Augustus J.
    Published: [2020]
    Publisher:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, Canberra

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VSP 1716
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper ; 2020, 76 (August 2020)
    Subjects: Potential output; output gaps; NAIRU; physical climate risks
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  12. Estimating the NAIRU in Australia
    Author: Ruberl, Heather; Ball, Meika; Lucas, Larissa; Williamson, Thomas
    Published: April 2021
    Publisher:  The Treasury, Canberra

    The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides an estimate of the degree of labour market slack in the economy. However, the NAIRU is unobservable, and must be estimated using... more

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    DS 679
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    The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides an estimate of the degree of labour market slack in the economy. However, the NAIRU is unobservable, and must be estimated using statistical models. This is most commonly undertaken within the Phillips curve framework, which estimates the relationship between price or wage growth and unemployment. This is a key equation for understanding economic conditions, and is used to forecast wages growth at the Australian Treasury. Australia's NAIRU was previously thought to be around 5 per cent. We have considered a range of alternative specifications for estimating the wage Phillips curve, and this working paper details Treasury's updated model. We consider specification choices that include: updating the measures of inflation and inflation expectations; the introduction of a productivity gap term; the inclusion of a structural break to allow for the flattening of the Phillips curve; and other changes to bring the model more in-line with the recent literature. The updated model produces estimates of the NAIRU between 4.5 and 5 per cent over the last few years immediately prior to the COVID-19 recession.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781925832273
    Other identifier:
    hdl: 10419/251330
    Series: Treasury working paper / Australian Government, The Treasury ; 2021, 01
    Subjects: NAIRU; Phillips Curve; Inflationary Expectations
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen