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Calvo pricing and imperfect common knowledge: a forward looking model of rational inflation inertia [PDF]
In this paper we derive a Phillips curve with a role for higher order expectations of marginal cost and future inflation. We introduce a small idiosyncratic component in firms’ marginal costs and let the economywide average marginal cost be unobservable ...
Nimark, Kristoffer P.
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The Anatomical Record, EarlyView.Domestic rabbits of different body sizes differ disproportionately in the length of their tooth row or the length of their diastema. Abstract In various domestic mammals, smaller breeds tend to have proportionally larger teeth, whereas this is not a universal trend across mammals.
Ursina L. Fasciati +3 more
wiley +1 more source
Inside and Outside Bounds: Threshold Estimates of the Phillips Curve [PDF]
There have been several instances over the past 40 years when large movements in the unemployment rate have elicited little response in the inflation rate. Such instances, while casting doubt on the tradeoff implied by the linear Phillips curve, are also
Giovanni P. Olivei, Michelle L. Barnes
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Revista de Economia Contemporânea, 2011 Este artigo apresenta novos argumentos para alguns dos fatos estilizados, recentemente, sobre a dinâmica da inflação, apontados por Mishkin (2007), quais sejam: a) a persistência dos choques de inflação estão declinando; b) a curva de Phillips esta se ...
Fernando Motta Correia +1 more
doaj +1 more source
THE PHILLIPS CURVE IN ITALY [PDF]
Economia e Desenvolvimento, 2014 The estimation of the Phillips curve in Italy, using the wage inflation rate as a dependent variable, based on annual data from the period 1961-2012, using the Johansen Method, allows us to conclude two things. Firstly, in the long term, there are two long-term relationships: the wage inflation rate relates positively to the inflation rate, negatively ...
openaire +2 more sources
The Anatomical Record, EarlyView.Abstract Walruses have been an important subsistence and cultural resource for humans and have been exploited for millennia across their distribution. This exploitation has contributed to severe declines in several populations and local extirpations.
Katrien Dierickx +6 more
wiley +1 more source
The early history of the Phillips curve [PDF]
The Phillips Curve depicts a relationship between inflation and unemployment in graphical or equation form. In a previous article (see the March /April issue of this Review), Thomas Humphrey catalogued the various formulations of the relationship that ...
Thomas M. Humphrey
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The ghosts I called I can\u27t get rid of now : The Keynes-Tinbergen-Friedman-Phillips Critique of Keynesian Macroeconometrics [PDF]
, 2000 This chapter offers a fresh perspective on the much publicised dispute between those followers of Keynes who presented econometric evidence in favour of a Phillips curve trade-off, and those monetarists who presented counter econometric evidence ...
Leeson, Robert
core +1 more source
Shocks and Government Beliefs: The Rise and Fall of American Inflation [PDF]
We use a Bayesian Markov Chain Monte Carlo algorithm to estimate a model that allows temporary gaps between a true expectational Phillips curve and the monetary authority's approximating non-expectational Phillips curve.
Noah Williams, Tao Zha, Thomas Sargent
core +3 more sources
Gadjah Mada International Journal of Business, 2010 A series of relatively high inflation characterize Indonesian economy, especially during the economic crisis. Economists generally agree that high inflation is one of the major economic problems, and that economic authorities need to cope with such a ...
Insukindro Insukindro +1 more
doaj +1 more source