Is the observed correlation between current and lagged inflation a function of backward-looking inflation expectations, or do the lags in inflation regressions merely proxy for rational forward-looking expectations, as in ...
Brownlow, Graham(University College Dublin. Institute for British-Irish Studies, 2009)
This paper is concerned with the institutions of Irish economics; it is structured around two arguments each of which links to the thesis presented in Garvin’s Preventing the future (2004). Overall it will be demonstrated ...
Erne, Roland(UCD Dublin European Institute, 2011-05)
The economic and financial crisis has discredited the idea of a self-regulating market.Yet, it remains to be seen what measures society will be taking to protect itself against future fallouts of global markets. There is ...
Woodford (2001) has presented evidence that the new-Keynesian Phillips curve fits the empirical behavior of inflation well when the labor income share is used as a driving variable, but fits poorly when deterministically ...
In a model with rigid nominal wages, full information and competitive product markets, I show that when an effort augmented production function is incorporated into an analysis of supply and demand shocks, the outcomes are ...
Walsh, Frank(University College Dublin. School of Economics, 2000-11)
Wallers (1989) model which incorporates an effort augmented production function into a
traditional Keynesian analysis of supply and demand shocks is generalised by not
restricting the elasticity of substitution between ...
Barry, Frank(University College Dublin. School of Economics, 1989-07)
This paper explores the role of factor prices in macroeconomic models which embody the frequently-encountered Classical, Keynesian, and Structuralist perspectives on the caused of Irish unemployment. It is argued that ...
Moore, Michael J.(University College Dublin. School of Economics, 1983-06)
This paper examines the impact of monetary and fiscal policies in both the Barro-Grossman model and a neo-Keynesian model which incorporates a bond market. It is shown that there is a unique demand management policy for ...