Table 4: Dynamic correlation at real earnings cycle frequencies
period |
GFCF |
Y |
я |
II | ||||
phase |
Pc |
phase |
Pc |
phase |
Pe | |||
P |
4.18 |
0.01 |
0.82*** |
0.01 |
0.94*** |
0.05 |
0.86*** |
06 0.74*** |
ʌ |
5.94 |
0.02 |
0.49** |
0.03 |
0.86*** |
0.04 |
0.56*** | |
W/Cp |
5.82 |
0.04 |
0.71*** |
0.12 |
0.60** |
0.18 |
0.25 | |
W/Pp |
6.74 |
-0.09 |
0.41* |
Notes:
(i) W: standard hourly wage; μ: premium markup; λ: proportion of workers working overtime; Pp:
producer price index; Cp: consumer price index, GFCF: gross fixed captial formation, Y: output, N:
employment, II: inventory investment; (ii) pc: in-phase correlation, phase shift: relative to cycle length;
(iii) */**/***; dynamic correlation is significant at the 10/5/1 per cent level.
More intriguing information
1. The name is absent2. Antidote Stocking at Hospitals in North Palestine
3. Inflation Targeting and Nonlinear Policy Rules: The Case of Asymmetric Preferences (new title: The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences)
4. Putting Globalization and Concentration in the Agri-food Sector into Context
5. Methods for the thematic synthesis of qualitative research in systematic reviews
6. The name is absent
7. The name is absent
8. Licensing Schemes in Endogenous Entry
9. Passing the burden: corporate tax incidence in open economies
10. Endogenous Heterogeneity in Strategic Models: Symmetry-breaking via Strategic Substitutes and Nonconcavities