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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/49489
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Caporale, Guglielmo Maria | | en_US |
| dc.contributor.author | | Škare, Marinko | | en_US |
| dc.date.accessioned | | 2011-07-13 | | en_US |
| dc.date.accessioned | | 2011-09-14T13:12:47Z | | - |
| dc.date.available | | 2011-09-14T13:12:47Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/49489 | | - |
| dc.description.abstract | | In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output growth, giving support to Phillips' Golden Triangle theory. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper: Monetary Policy and International Finance 3502 | | en_US |
| dc.subject.jel | | C23 | | en_US |
| dc.subject.jel | | E24 | | en_US |
| dc.subject.jel | | E31 | | en_US |
| dc.subject.jel | | E60 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.stw | | Phillips-Kurve | | en_US |
| dc.subject.stw | | Beschäftigung | | en_US |
| dc.subject.stw | | Inflation | | en_US |
| dc.subject.stw | | Wirtschaftswachstum | | en_US |
| dc.subject.stw | | Panel | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | Employment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 664095992 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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