Unemployment and inflation in Ireland: 1926-2012
- Since the 1970s, the overarching view in the literature has been that a Phillips curve relationship did not exist in Ireland prior to the 1979 exchange rate break with Sterling. It was argued that, as a small open economy, prices were determined externally. To test this relationship, we study the determination of inflation between 1926 and 2012, a longer sample period than any previously used. We find that the difference between unemployment and the NAIRU is a significant determinant of inflation both in the full sample and in the subsamples spanning the periods before and after the Sterling parity link.
| Author: | Stefan Gerlach, Reamonn Lydon, Rebecca Stuart |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-382848 |
| URL: | http://ssrn.com/abstract=2663343 |
| DOI: | https://doi.org/10.2139/ssrn.2663343 |
| Parent Title (English): | Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 514 |
| Series (Serial Number): | CFS working paper series (514) |
| Publisher: | Center for Financial Studies |
| Place of publication: | Frankfurt, M. |
| Document Type: | Working Paper |
| Language: | English |
| Date of Publication (online): | 2015/09/22 |
| Date of first Publication: | 2015/09/22 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2015/10/08 |
| Tag: | Ireland; historical statistics; import prices; inflation; unemployment |
| Issue: | July 30, 2015 |
| Page Number: | 34 |
| HeBIS-PPN: | 366777831 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
