Download or read book The Nonlinear Dynamics of Output and Unemployment in the US written by Filippo Altissimo and published by . This book was released on 2000 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Nonlinear Dynamics of Output and Unemployment in the US written by Filippo Altissimo and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-10-26 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with “real” and structural data; and third, the methodology encompasses many of the methods found in the literature. The results indicate that potential output growth has recovered somewhat during the early 1980s, but remains below the rapid rates of increase in the late 1960s. The natural rate, after rising during the late 1960s and the 1970s, is found to have declined in the 1980s. The paper concludes with an assessment of medium-term prospects for potential output and-the natural rate.
Download or read book Growth Cycles and the Structure of Unemployment written by Tjwan and published by . This book was released on 1992 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Non linear Monetary Policy Rules written by Juan José Dolado and published by Centre interuniversitaire de recherche en économie quantitative. This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth Cycles and the Structure of Unemployment written by Thio Khai Boe Tjwan and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Complex Systems in Finance and Econometrics written by Robert A. Meyers and published by Springer Science & Business Media. This book was released on 2010-11-03 with total page 919 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance, Econometrics and System Dynamics presents an overview of the concepts and tools for analyzing complex systems in a wide range of fields. The text integrates complexity with deterministic equations and concepts from real world examples, and appeals to a broad audience.
Download or read book Growth Cycles and the Structure of Unemployment written by Thio Khai Boe Tjwan and published by . This book was released on 1992 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Econometrics written by Yiu-Kuen Tse and published by MDPI. This book was released on 2019-10-14 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial econometrics has developed into a very fruitful and vibrant research area in the last two decades. The availability of good data promotes research in this area, specially aided by online data and high-frequency data. These two characteristics of financial data also create challenges for researchers that are different from classical macro-econometric and micro-econometric problems. This Special Issue is dedicated to research topics that are relevant for analyzing financial data. We have gathered six articles under this theme.
Download or read book A Companion to Theoretical Econometrics written by Badi H. Baltagi and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Companion to Theoretical Econometrics provides a comprehensive reference to the basics of econometrics. This companion focuses on the foundations of the field and at the same time integrates popular topics often encountered by practitioners. The chapters are written by international experts and provide up-to-date research in areas not usually covered by standard econometric texts. Focuses on the foundations of econometrics. Integrates real-world topics encountered by professionals and practitioners. Draws on up-to-date research in areas not covered by standard econometrics texts. Organized to provide clear, accessible information and point to further readings.
Download or read book Handbook of Research Methods and Applications in Empirical Macroeconomics written by Nigar Hashimzade and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 627 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook presents the current state of art in the theory and methodology of macroeconomic data analysis. It is intended as a reference for graduate students and researchers interested in exploring new methodologies, but can also be employed as a graduate text. The Handbook concentrates on the most important issues, models and techniques for research in macroeconomics, and highlights the core methodologies and their empirical application in an accessible manner. Each chapter is largely self-contained, whilst the comprehensive introduction provides an overview of the key statistical concepts and methods. All of the chapters include the essential references for each topic and provide a sound guide for further reading. Topics covered include unit roots, non-linearities and structural breaks, time aggregation, forecasting, the Kalman filter, generalised method of moments, maximum likelihood and Bayesian estimation, vector autoregressive, dynamic stochastic general equilibrium and dynamic panel models. Presenting the most important models and techniques for empirical research, this Handbook will appeal to students, researchers and academics working in empirical macro and econometrics.
Download or read book Output and Unemployment Dynamics in Transition written by Vivek H. Dehejia and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Natural Rate of Unemployment written by Rod Cross and published by Cambridge University Press. This book was released on 1995-06-22 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment can be achieved only by measures to change underlying microeconomic structures, such as benefit and pay bargaining systems. Belief in the hypothesis has faltered since the 1980s, the hypothesis being unable to explain the dramatic upward shifts in European unemployment rates. These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forwards, suggesting possible modifications. In contrast to the single rate postulated by the natural rate hypothesis, several of the contributors propose that there are ranges of unemployment rates consistent with steady inflation.
Download or read book Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels written by Carl Chiarella and published by Emerald Group Publishing. This book was released on 2006-05-30 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book represents an ongoing research agenda the aim of which is to contribute to the Keynesian paradigm in macroeconomics. It examines the Dynamic General Equilibrium (DGE) model, the assumption of intertemporal optimizing behavior of economic agents, competitive markets and price mediated market clearing through flexible wages and prices.
Download or read book Nonlinear Time Series Analysis of Business Cycles written by C. Milas and published by Emerald Group Publishing. This book was released on 2006-02-08 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of Contributions to Economic Analysis addresses a number of important questions in the field of business cycles including: How should business cycles be dated and measured? What is the response of output and employment to oil-price and monetary shocks? And, is the business cycle asymmetric, and does it matter?
Download or read book U S Wage Growth and Nonlinearities written by Luiggi Donayre and published by . This book was released on 2017 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a low unemployment rate, wage growth in the U.S. was negligible during the 2013-2015 period. Conventional linear models of the relationship between wages and unemployment, the so- called wage Phillips curve (WPC), and previous models of the WPC that rely on regime-switching driven only by changes in unemployment, provide a poor fit in the aftermath of the Great Recession. Meanwhile, standard linear theoretical general equilibrium models are based on an assumption that economic agents take into account nominal wages relative to prices when making labor decisions, suggesting that there is a role for inflation in determining the empirical dynamics of the WPC. We employ a nonlinear empirical model to study how the relationship between U.S. wage growth and unemployment changes over the business cycle. In particular, we estimate a threshold vector autoregression with multiple threshold variables and multiple threshold parameters for each threshold variable for the 1965-2015 period. We find that the WPC changes according to the dynamics of both unemployment and inflation. Specifically, it changes as the unemployment rate transitions above or below the two estimated thresholds, defined by 5.03% and 7.77%. Simultaneously, it also evolves depending on whether inflation is above or below 0.38% relative to trend. The results show a strong negative relationship between wage growth and unemployment during periods of expansion when inflation is above its long-run trend. The relationship weakens, although remains negative, during periods of expansions with low inflation and during mild recessions. Our results indicate that the negligible wage growth observed during 2013-2015 was driven not only by labor market slack, as suggested by previous studies, but also by the low inflation environment.
Download or read book Growth and Employment in Europe written by M. Zagler and published by Springer. This book was released on 2004-05-12 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zagler investigates the interaction between changes in the level of unemployment and changes in the economic rate of growth. It asks, both in theory and in evidence, whether a change in the growth rate of the economy will affect the level of unemployment which the economy experiences and whether a decline in the level of unemployment will foster or deteriorate the growth performance of the economy.
