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18 Results

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  • Publication Type

    • Journal Article (12)
    • Working Paper (6)
  • Research

    • Forecasting and Business Cycle Analysis (7)
    • Macroeconomic Research (7)
  • Experts

    • Dennis J. Snower (18)
    • Marika Karanassou (18)
    • Hector Sala (11)
    • Brian Henry (1)
  • Publication Series

    • Kiel Working Papers (5)
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  • Experts: Marika Karanassou
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  1. Journal Article

    A Reappraisal of the Inflation-Unemployment Tradeoff

    European Journal of Political Economy
    01/2005
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    Marika Karanassou, Dennis J. Snower, Hector Sala

    This paper offers a reappraisal of the inflation–unemployment tradeoff, based on frictional growth, describing the interplay between nominal...

  2. Journal Article

    Unemployment in the European Union: A Dynamic Reappraisal

    Economic Modelling
    01/2003
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    Marika Karanassou, Hector Sala, Dennis J. Snower

    This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements...

  3. Journal Article

    Unemployment Invariance

    German Economic Review
    01/2004
    Marika Karanassou, Dennis J. Snower

    This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that...

  4. Journal Article

    The Macroeconomics of the Labor Market: Three Fundamental Views

    Portuguese Economic Journal
    04/2008
    Marika Karanassou, Hector Sala, Dennis J. Snower

    We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the frictionless...

  5. Working Paper

    The Macroeconomics of the Labor Market: Three Fundamental Views

    Kiel Working Papers
    09/2007
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    Marika Karanassou, Hector Sala, Dennis J. Snower

    We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the frictionless...

  6. Journal Article

    The Evolution of Inflation and Unemployment: Explaining the Roaring Nineties

    Australian Economic Papers
    12/2008
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    Marika Karanassou, Hector Sala, Dennis J. Snower

    This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a phenomenon arising from...

  7. Journal Article

    The European Phillips Curve: Does the NAIRU Exist?

    Applied Economics Quarterly
    01/2003
    Marika Karanassou, Hector Sala, Dennis J. Snower

    This paper has two aims. First, it provides simple theoretical models that highlight two channels whereby monetary shocks have permanent real...

  8. Working Paper

    The Evolution of Inflation and Unemployment: Explaining the Roaring Nineties

    Kiel Working Papers
    07/2007
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    Marika Karanassou, Hector Sala, Dennis J. Snower

    This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a phenomenon arising from...

  9. Journal Article

    Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective

    Journal of Economic Surveys
    01/2010
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    Marika Karanassou, Hector Sala, Dennis J. Snower

    The conventional wisdom that inflation and unemployment are unrelated in the long-run implies the compartmentalisation of macroeconomics....

  10. Working Paper

    Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective

    Kiel Working Papers
    01/2008
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    Marika Karanassou, Hector Sala, Dennis J. Snower

    The conventional wisdom that inflation and unemployment are unrelated in the long-run implies the compartmentalisation of macroeconomics....

  11. Journal Article

    Long-Run Inflation-Unemployment Dynamics: The Spanish Phillips Curve and Economic Policy

    Journal of Policy Modeling
    01/2008
    Marika Karanassou, Hector Sala, Dennis J. Snower

    This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in the growth rate of the...

  12. Working Paper

    Long-Run Inflation-Unemployment Dynamics: The Spanish Phillips Curve and Economic Policy

    Kiel Working Papers
    06/2007
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    Marika Karanassou, Hector Sala, Dennis J. Snower

    This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in the growth rate of the...

  13. Journal Article

    Is the Natural Rate a Reference Point?

    European Economic Review
    01/1997
    Marika Karanassou, Dennis J. Snower

    This paper explores the two common concepts of the natural rate of unemployment: (i) the stable, long-run equilibrium rate of unemployment;...

  14. Working Paper

    Inflation Persistence and the Philips Curve Revisited

    Kiel Working Papers
    06/2007
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    Marika Karanassou, Dennis J. Snower

    A major criticism against staggered nominal contracts is that they give rise to the so called "persistency puzzle" - although they generate...

  15. Journal Article

    How Labor Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory

    Economic Journal
    01/1998
    Marika Karanassou, Dennis J. Snower

    This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a...

  16. Journal Article

    Explaining Disparities in European Unemployment Dynamics

    Rivista di Politica Economica
    01/1993
    Marika Karanassou, Dennis J. Snower

  17. Working Paper

    An Anatomy of the Phillips Curve

    01/2002
    Marika Karanassou, Dennis J. Snower

    The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions are backward- versus...

  18. Journal Article

    Adjustment Dynamics and the Natural Rate: An Account of UK Unemployment

    Oxford Economic Papers
    01/2000
    Brian Henry, Marika Karanassou, Dennis J. Snower

    Adjustment Dynamics and the Natural Rate: An Account of UK Unemployment. This paper challenges what is the standard account of UK...

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