Special Issue "Monetary Policy, Inflation and Unemployment Dynamics: Theory and Empirics"
Deadline for manuscript submissions: 31 December 2021.
This Topical Collection welcomes contributions on the dynamic interactions among monetary policy, inflation and unemployment. The contributions may concern both theoretical and applied issues.
As far as monetary policy is concerned, in the most recent decade, zero lower bound on interest rates and the deepness of the economic and financial crises have stimulated the adoption of unconventional monetary policies by central banks. Therefore, we are especially interested in research oriented towards the identification of monetary policy disturbances in this new economic context, and towards studying the dynamic responses of inflation and unemployment, by using structural VAR models and other multivariate time-series techniques. The responses of inflation and unemployment to changes in monetary policy and other macroeconomic shocks also relate to the old-but-still-timely theme of the Phillips curve. Although the short-term inverse relationship between these two variables seems to periodically disappear in industrialized countries, it remains a building block of the majority of business-cycle models. Moreover, one branch of the literature has also investigated the possibility of long-term effects induced by economic recessions on the unemployment rate, that is, on the hysteresis in unemployment. Hence, another important question that may be worth investigating concerns the possible long-term effects exerted on the unemployment rate by the Great Recession and/or by the more recent collapse of the world economy induced by the COVID-19 pandemic.
The aim is to provide contributions that offer new evidence and insights into such issues. This Topical Collection will be published in printed book format if more than seven papers are accepted for publication.
Prof. Dr. Antonio Ribba
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
- Monetary Policy
- Unconventional Monetary Policy
- Inflation Expectations
- Business Cycle Fluctuations
- Phillips Curve
- Structural VARs
- Multivariate Time Series Analysis