Matches in SemOpenAlex for { <https://semopenalex.org/work/W234333630> ?p ?o ?g. }
- W234333630 abstract "We investigate the link between inflation, growth and unemployment nesting a model of fair wages into one of endogenous growth of learning-by-doing. Firms protect real wages against inflation in exchange of worker's effort. In the long-run, unemployment decreases with higher inflation and real growth rates, though less so as inflation and growth increase. We then derive long-run restrictions for structural VARs for US data and we investigate the short-run behavior of inflation, real growth and unemployment. Structural shocks to inflation reduce unemployment and increase growth; to growth reduce unemployment and leave inflation unaffected; to unemployment produce a stagflation." @default.
- W234333630 created "2016-06-24" @default.
- W234333630 creator A5091864308 @default.
- W234333630 date "2015-04-01" @default.
- W234333630 modified "2023-09-27" @default.
- W234333630 title "Inflation gifts restrictions for structural VARs: evidence from the US" @default.
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