Inflation, chômage et politique de revenu : compte rendu de la littérature de la courbe de Phillips

Inflation, chômage et politique de revenu : compte rendu de la littérature de la courbe de Phillips PDF Author: Gérald Marion
Publisher: [Montréal] : Librairie de l'Université de Montréal, tirage de 1976.
ISBN:
Category : Phillips curve
Languages : fr
Pages : 192

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Inflation, chômage et politique de revenu : compte rendu de la littérature de la courbe de Phillips

Inflation, chômage et politique de revenu : compte rendu de la littérature de la courbe de Phillips PDF Author: Gérald Marion
Publisher: [Montréal] : Librairie de l'Université de Montréal, tirage de 1976.
ISBN:
Category : Phillips curve
Languages : fr
Pages : 192

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Canadiana

Canadiana PDF Author:
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 520

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A Phillips Curve with Anchored Expectations and Short-Term Unemployment

A Phillips Curve with Anchored Expectations and Short-Term Unemployment PDF Author: Laurence M. Ball
Publisher: International Monetary Fund
ISBN: 1498321070
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
This paper examines the recent behavior of core inflation in the United States. We specify a simple Phillips curve based on the assumptions that inflation expectations are fully anchored at the Federal Reserve’s target, and that labor-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including the failure of high total unemployment since 2008 to reduce inflation greatly. The fit of our equation is especially good when we measure core inflation with the Cleveland Fed’s series on weighted median inflation. We also propose a more general Phillips curve in which core inflation depends on short-term unemployment and on expected inflation as measured by the Survey of Professional Forecasters. This specification fits U.S. inflation since 1985, including both the anchored-expectations period of the 2000s and the preceding period when expectations were determined by past levels of inflation.

L'inflation, le chômage et la politique des revenus; rapport sommaire

L'inflation, le chômage et la politique des revenus; rapport sommaire PDF Author: Commission des prix et des revenus (Canada)
Publisher:
ISBN:
Category :
Languages : fr
Pages : 123

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Inflation, Unemployment and Money

Inflation, Unemployment and Money PDF Author: Bruno Jossa
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
This comprehensive book presents an original reconstruction of the different interpretations of the Phillips curve. The authors demonstrate through an in-depth analysis how it is possible to find non-neoclassical foundations in the trade-off between inflation and unemployment. The debate is presented from a historical perspective which charts the evolution of the Phillips curve from a non-neoclassical perspective, taking account of post Keynesian literature. In the first part of the book the authors focus on the origins of the Phillips curve and they critically analyse Richard Lipsey's interpretation and approach to the Phillips curve. They then explore the neoclassical and monetarist interpretation, paying special attention to the evolution of monetarism and the Keynesian critique of this approach. The Kaleckian, Keynesian and Marxist interpretations of the Phillips trade-off are then presented. Here the authors show how the relationship between inflation, unemployment and money described in these approaches accurately reflects the fundamental features of today's capitalist economies. In the final section a new Phillips curve is constructed, taking into account the non-accelerating inflation rate of unemployment and the hysteresis of it. Inflation, Unemployment and Money will be of interest to macroeconomists, post Keynesians and monetary and financial economists.

Inflation, Le Chomage Et la Politique Des Revenus- Rapport Sommaire

Inflation, Le Chomage Et la Politique Des Revenus- Rapport Sommaire PDF Author: Canada. Commission des prix et des revenus
Publisher: Micromedia, [197-]
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 123

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The Inflation-Unemployment Trade-off at Low Inflation

The Inflation-Unemployment Trade-off at Low Inflation PDF Author: Pierpaolo Benigno
Publisher: International Monetary Fund
ISBN: 1451871813
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation.

Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating

Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating PDF Author: Mr.Peter B. Clark
Publisher: International Monetary Fund
ISBN: 145184350X
Category : Business & Economics
Languages : en
Pages : 51

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Book Description
Most empirical work on the U.S. Phillips curve has had a strong tendency to impose global linearity on the data. The basic objective of this paper is to reconsider the issue of nonlinearity and to underscore its importance for policymaking. After briefly reviewing the history of the Phillips curve and the basis for convexity, we derive it explicitly using standard models of wage and price determination. We provide some empirical estimates of Phillips curves and Phillips lines for the United States and use some illustrative simulations to contrast the policy implications of the two models.

Understanding Inflation and the Implications for Monetary Policy

Understanding Inflation and the Implications for Monetary Policy PDF Author: Jeff Fuhrer
Publisher: MIT Press
ISBN: 026225820X
Category : Business & Economics
Languages : en
Pages : 517

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Book Description
Current perspectives on the Phillips curve, a core macroeconomic concept that treats the relationship between inflation and unemployment. In 1958, economist A. W. Phillips published an article describing what he observed to be the inverse relationship between inflation and unemployment; subsequently, the “Phillips curve” became a central concept in macroeconomic analysis and policymaking. But today's Phillips curve is not the same as the original one from fifty years ago; the economy, our understanding of price setting behavior, the determinants of inflation, and the role of monetary policy have evolved significantly since then. In this book, some of the top economists working today reexamine the theoretical and empirical validity of the Phillips curve in its more recent specifications. The contributors consider such questions as what economists have learned about price and wage setting and inflation expectations that would improve the way we use and formulate the Phillips curve, what the Phillips curve approach can teach us about inflation dynamics, and how these lessons can be applied to improving the conduct of monetary policy. Contributors Lawrence Ball, Ben Bernanke, Oliver Blanchard, V. V. Chari, William T. Dickens, Stanley Fischer, Jeff Fuhrer, Jordi Gali, Michael T. Kiley, Robert G. King, Donald L. Kohn, Yolanda K. Kodrzycki, Jane Sneddon Little, Bartisz Mackowiak, N. Gregory Mankiw, Virgiliu Midrigan, Giovanni P. Olivei, Athanasios Orphanides, Adrian R. Pagan, Christopher A. Pissarides, Lucrezia Reichlin, Paul A. Samuelson, Christopher A. Sims, Frank R. Smets, Robert M. Solow, Jürgen Stark, James H. Stock, Lars E. O. Svensson, John B. Taylor, Mark W. Watson

Politique des revenus

Politique des revenus PDF Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : fr
Pages : 282

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Book Description
Qu'est-ce que la politique des revenus Les politiques des revenus en économie sont des contrôles des salaires et des prix à l'échelle de l'économie, le plus souvent institués en réponse à l'inflation et visant généralement à établir les salaires et les prix. prix inférieurs au niveau du marché libre. Comment vous en bénéficierez (I) Informations et validations sur les sujets suivants : Chapitre 1 : Politique des revenus Chapitre 2 : Inflation Chapitre 3 : Plein emploi Chapitre 4 : Nouvelle économie keynésienne Chapitre 5 : Courbe de Phillips Chapitre 6 : Loi de stabilisation économique de 1970 Chapitre 7 : Inflation intégrée Chapitre 8 : Accord sur la politique nationale du revenu (Finlande) Chapitre 9 : Contrôle des prix Chapitre 10 : Référendum australien de 1973 (revenus) Chapitre 11 : Fiscalisme Chapitre 12 : Choc Nixon Chapitre 13 : Accord sur les prix et les revenus Chapitre 14 : Maximum général Chapitre 15 : Plan Vuskovic Chapitre 16 : Nixonomics Chapitre 17 : Croissance tirée par la demande Chapitre 18 : NAIRU Chapitre 19 : Récession de 1973 à 1975 Chapitre 20 : Hyperinflation en Brésil Chapitre 21 : Impact de la guerre de Corée sur l'économie des États-Unis (II) Répondre aux principales questions du public sur la politique des revenus. ( III) Exemples concrets d'utilisation de la politique des revenus dans de nombreux domaines. À qui s'adresse ce livre Professionnels, étudiants de premier cycle et des cycles supérieurs, passionnés, les amateurs et ceux qui souhaitent aller au-delà des connaissances ou des informations de base pour tout type de politique de revenus.