Results 1 to 10 of about 3,173,504 (270)
Is There a Trade‐Off between COVID‐19 Control and Economic Activity? Implications from the Phillips Curve Debate [PDF]
Asian Economic Policy Review, 2021 In this paper, we argue that the roles of public policies concerning COVID‐19 can be better understood in light of the past discussions on the Great Inflation of the 1970s and the 1980s.
Fukao M, Shioji E.
europepmc +2 more sources
The Wage Curve and the Phillips Curve [PDF]
Finance and Economics Discussion Series, 1998 Blanchflower and Oswald (1994) have argued that, in regional data, the level of unemployment is related to the level of wages. This result is at variance with the implications of the original Phillips curve for regional data, which would predict that the change in wages ought to be related to the unemployment rate.
John M. Roberts
openalex +3 more sources
Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve [PDF]
, 2001 This paper examines a model of dynamic price adjustment based on the assumption that information disseminates slowly throughout the population. Compared to the commonly used sticky-price model, this sticky-information model displays three, related ...
N. Gregory Mankiw, Ricardo Reis
semanticscholar +4 more sources
The Phillips curve in Iran: econometric versus artificial neural networks [PDF]
Heliyon, 2019 In this paper, we develop a function of inflation, unemployment, liquidity and real effective exchange rate by applying Autoregressive Distributed Lag (ARDL) and Artificial Neural Networks (ANN).
Sayyed Abdolmajid Jalaee +2 more
doaj +2 more sources
Market Polarization and the Phillips Curve [PDF]
SSRN Electronic Journal, 2021 The Phillips curve has flattened out over the last decades. We develop a model that rationalizes this phenomenon as a result of the observed increase in polarization in many industries, a process along which a few top firms gain an increasing share of ...
J. Andrés, Oscar J. Arce, Pablo Burriel
semanticscholar +4 more sources
Competition and regional Phillips curve: Evidence from China. [PDF]
PLoS ONEThe product market competition affects the non-neutrality of monetary policy. This paper quantitatively assesses its impact on the slope of the Phillips curve through the channels of nominal and real rigidity.
Shukai Du
doaj +2 more sources
Aggregating Phillips Curves [PDF]
SSRN Electronic Journal, 2007 The New Keynesian Phillips Curve is at the center of two raging empirical debates. First, how can purely forward looking pricing account for the observed persistence in aggregate inflation. Second, price-setting responds to movements in marginal costs, which should therefore be the driving force to observed inflation dynamics.
Jean Imbs +2 more
openalex +6 more sources
An Anatomy of the Phillips Curve [PDF]
SSRN Electronic Journal, 2002 The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions are backward- versus forward-looking. When economic agents, facing time-contingent, staggered nominal contracts, have a positive rate of time preference, the current wage and price levels depend more heavily on past variables (e.g ...
Dennis J. Snower, Marika Karanassou
openalex +5 more sources
The Slope of the Phillips Curve
Finance and Economics Discussion SeriesWe review recent developments in the estimation and identification of the Phillips curve and its slope. We have three main objectives. First, we describe the econometric challenges faced by traditional approaches of estimating the Phillips curve, explain
F. Furlanetto, Antoine Lepetit
semanticscholar +2 more sources
A Phillips Curve for the Euro Area
International Finance, 2019 This paper asks whether a textbook Phillips curve can explain the behavior of core inflation in the euro area. A critical feature of the analysis is that we measure core inflation with the weighted median of industry inflation rates, which is less ...
L. Ball, Sandeep Mazumder
semanticscholar +4 more sources