Contracting Models Of The Phillips Curve

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Contracting Models Of The Phillips Curve

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Author : Pierre-Richard Agénor
language : en
Publisher: World Bank Publications
Release Date : 2003

Contracting Models Of The Phillips Curve written by Pierre-Richard Agénor and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Inflation (Finance) categories.

What Type Of Contracts Underlie Aggregate Wage Dynamics

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Author : Mr.Esteban Jadresic
language : en
Publisher: International Monetary Fund
Release Date : 1997-05-01

What Type Of Contracts Underlie Aggregate Wage Dynamics written by Mr.Esteban Jadresic and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05-01 with Business & Economics categories.

This paper shows that it is possible to estimate the importance of different types of wage contracts at the aggregate level using the same data used to estimate standard Phillips curves. It finds that the behavior of the Chilean private aggregate wage during the 1980s is well described by two-year contracts that are revised every six months according to 100 percent of past inflation. The estimates also show that the unemployment rate was a strong determinant of the contract’s target real wage and that most wage negotiations were carried through during the first half of every year. The results prove robust to a variety of tests and fit the data better than standard Phillips curves.

Contracting Models Of The Phillips Curve Empirical Estimates For Middle Income Countries

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Author : Pierre-Richard Agénor
language : en
Publisher:
Release Date : 2008

Contracting Models Of The Phillips Curve Empirical Estimates For Middle Income Countries written by Pierre-Richard Agénor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.

Contracting Models Of The Phillips Curve

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Author : Pierre-Richard Agenor
language : en
Publisher:
Release Date : 2016

Contracting Models Of The Phillips Curve written by Pierre-Richard Agenor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

This paper provides empirical estimates of contracting models of the Phillips curve for four middle-income developing economies - Chile, the Republic of Korea, the Philippines, and Turkey. Following an analytical review, models with both one lead and one lag, and two lags and three leads, are then estimated using Generalized Method of Moments (GMM) techniques. The results indicate that for both Chile and Turkey past and future inflation are of about the same magnitude in affecting current inflation. In Korea past inflation has a larger impact on inflation, whereas in the Philippines it is future inflation that plays a larger role. Homogeneity restrictions are satisfied for Korea and Turkey but not for Chile and the Philippines.This paper - a product of the Poverty Reduction and Economic Management Division, World Bank Institute - is part of a larger effort in the institute to understand the dynamics of inflation in developing countries.

Macroeconometric Methods

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Author : Pami Dua
language : en
Publisher: Springer Nature
Release Date : 2023-04-08

Macroeconometric Methods written by Pami Dua and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-08 with Business & Economics categories.

This book provides empirical applications of macroeconometric methods through discussions on key issues in the Indian economy. It deals with issues of topical relevance in the arena of macroeconomics. The aim is to apply time series and financial econometric methods to macroeconomic issues of an emerging economy such as India. The data sources are given in each chapter, and students and researchers may replicate the analyses.The book is divided into three parts—Part I: Macroeconomic Modelling and Policy; Part II: Forecasting the Indian Economy and Part III: Business Cycles and Global Crises. It provides a holistic understanding of the techniques with each chapter delving into a relevant issue analysed using appropriate methods—Chapter 1: Introduction; Chapter 2: Macroeconomic Modelling and Bayesian Methods; Chapter 3: Monetary Policy Framework in India; Chapter 4: Determinants of Yields on Government Securities in India; Chapter 5: Monetar y Transmission in the Indian Economy; Chapter 6: India’s Bilateral Export Growth and Exchange Rate Volatility: A Panel GMM Approach; Chapter 7: Aggregate and Sectoral Productivity Growth in the Indian Economy: Analysis and Determinants; Chapter 8: Forecasting the INR/USD Exchange Rate: A BVAR Framework; Chapter 9: Forecasting India’s Inflation in a Data-Rich Environment: A FAVAR Study; Chapter 10: A Structural Macroeconometric Model for India; Chapter 11: International Synchronization of Growth Rate Cycles: An Analysis in Frequency Domain; Chapter 12: Inter-Linkages Between Asian and U.S. Stock Market Returns: A Multivariate GARCH Analysis; Chapter 13: The Increasing Synchronization of International Recessions. Since the selection of issues is from macroeconomic aspects of the Indian economy, the book has wide applications and is useful for students and researchers of fields such as applied econometrics, time series econometrics, financial econometrics, forecasting methods and macroeconomics.

Models Of Inflation And The Costs Of Disinflation

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Author : Mr.Bankim Chadha
language : en
Publisher: International Monetary Fund
Release Date : 1991-10-01

Models Of Inflation And The Costs Of Disinflation written by Mr.Bankim Chadha and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-10-01 with Business & Economics categories.

This paper focuses on the output costs of disinflation. A model of inflation with both forward and backward elements seems to characterize reality. Such an inflation model is estimated using data for industrial countries, and the output costs of a disinflation path are calculated, first analytically in a simple theoretical model, then by simulation of a global, multi-region empirical model. The credibility of a preannounced path for money consistent with the lowest output loss is considered. An alternative, more credible policy may be to announce an exchange rate peg to a low inflation currency.

The Econometrics Of Macroeconomic Modelling

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Author : Gunnar Bårdsen
language : en
Publisher: Oxford University Press, USA
Release Date : 2005

The Econometrics Of Macroeconomic Modelling written by Gunnar Bårdsen and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.

This work describes how the discipline has adapted to changing demands by adopting new insights from economic theory and by taking advantage of the methodological and conceptual advances within time series econometrics.

The Taylor Rule And The Transformation Of Monetary Policy

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Author : Robert Leeson
language : en
Publisher: Hoover Press
Release Date : 2013-09-01

The Taylor Rule And The Transformation Of Monetary Policy written by Robert Leeson and has been published by Hoover Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-01 with Political Science categories.

A contributors' "who's who" from the academic and policy communities explain and provide perspectives on John Taylor's revolutionary thinking about monetary policy. They explore some of the literature that Taylor inspired and help us understand how the new ways of thinking that he pioneered have influenced actual policy here and abroad.

Handbook Of Macroeconomics

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Author : John B. Taylor
language : en
Publisher: Elsevier
Release Date : 2016-12-01

Handbook Of Macroeconomics written by John B. Taylor and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-01 with Business & Economics categories.

Handbook of Macroeconomics surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues. It courageously examines why existing models failed during the financial crisis, and also addresses well-deserved criticism head on. With contributions from the world's chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation on its future constitute an investment worth making. - Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research - Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade

Innovative Management In Information And Production

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Author : Junzo Watada
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-22

Innovative Management In Information And Production written by Junzo Watada and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-22 with Technology & Engineering categories.

Innovative Management in Information and Production is based on the proceedings of the Third International Symposium on Innovative Management, Information and Production. This symposium is held by International Society of Management Engineers. The symposium took place on October 8-10, in HCMC, Vietnam. This book examines recent innovative management of information and productions such as digital collection management and operations planning, scheduling and control.