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115.275  Articles
1 of 11.529 pages  |  10  records  |  more records»
This study attempts to prove whether inflation dynamics in Indonesia can be explained by the hybrid model of New Keynesian Phillips Curve (NKPC). Output gap variable and dummy variable are also incorporated in this study as the external shock of the incre... see more

This paper estimates reduced-form Phillips curves for Brazil with a framework of time series with unobserved components, in the spirit of Harvey (2011). However, we allow for expectations to play a key role using data from the Central Bank of Brazil’s Foc... see more

The design and implementation of monetary policy in South Africa has been based on the idea of a trade-off between inflation and output growth. However, in the empirical literature there is no consensus on the existence of a Phillips curve in present time... see more

Recently, a new class of macroeconomic business cycle models has emerged. Stochastic dynamic general equilibrium models with rational expectations originally employed by RBC researchers are combined with nominal rigidities and imperfect competit... see more

The stabilization of economic activity represents the basic purpose of macroeconomic policy. In the last few years, the achievement of price stability, or the relatively low and stable inflation rate, has been imposed as the policy’s main goal, in accorda... see more

The dynamic general equilibrium model with hiring costs presented in this paper delivers involuntary unemployment in the steady state as well as involuntary fluctuations in unemployment. The existence of hiring frictions introduces externalities that, in ... see more

This study is an extension of two previous studies in which the authors build upon their model of trade union action on contract renewals. To this end, a distinction is made between the percentage of workers at any given moment of time whose new contracts... see more

We analyze the inflation dynamics in Mexico during inflation targeting period by a GMM estimate of the Hybrid New Keynesian Phillips Curve in its open and closed economy versions. We update and discuss previous results and expand the capacity of this tool... see more

Hubungan kredibilitas bank sentral dan persistensi inflasi masih menjadi kontroversi, padahal kepastian hubungan ini sangat penting untuk merumuskan kebijakan anti inflasi yang tepat. Tujuan penelitian ini adalah untuk mengukur tingkat persistensi inflasi... see more

1 of 11.529 pages  |  10  records  |  more records»