Results 71 to 80 of about 3,173,504 (270)
Is There an Exchange Rate Channel in the Forward-Looking Phillips Curve? A Theoretical and Empirical Investigation [PDF]
This paper shows how the exchange rate affects the price-setting behavior of monopolistically competitive firms in the sticky price framework that gives rise to a forward-looking Phillips Curve at the aggregate level.
Alfred V. Guender, Yu Xie
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Dynamic Rational Inattention and the Phillips Curve
Social Science Research Network, 2019 We develop a tractable and portable method for characterizing the solution to dynamic multivariate rational inattention models in linear quadratic Gaussian settings.
H. Afrouzi, Choongryul Yang
semanticscholar +1 more source
Inflation Forecasts and the New Keynesian Phillips Curve [PDF]
The ability of the New Keynesian Phillips curve to explain US inflation dynamics when official central bank forecasts (Greenbook forecasts) are used as a proxy for inflation expectations is examined.
Nicholas S. Magginas +1 more
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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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Procedia Economics and Finance, 2016 AbstractThis paper aims to analyse the cointegration and causality relationships between inflation, GDP and unemployment by using Markov Switching –VAR and Markov Switching Causality tests for the period from 1957(2) to 2014(3) in USA. This study complements previous empirical papers.
Bildirici, Melike Elif, Turkmen, Ceren
openaire +3 more sources
From Phillips curve to wage curve [PDF]
In most traditional macro-economic models of the Netherlands the wage equation is specified by a Phillips curve, in which wage growth is negatively related to the unemployment rate.
Graafland, J.J.
core +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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The Phillips Curve is Back? Using Panel Data to Analyze the Relationship Between Unemployment and Inflation in an Open Economy [PDF]
Expanding on an approach suggested by Ashenfelter (1984), we extend the Phillips curve to an open economy and exploit panel data to estimate the textbook 'expectations augmented' Phillips curve with a market-based and observable measure of inflation ...
John DiNardo, Mark P. Moore
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Anchored Inflation Expectations and the Flatter Phillips Curve
Federal Reserve Bank of San Francisco, Working Paper Series, 2019 Conventional versions of the Phillips curve cannot account for inflation dynamics during and after the U.S. Great Recession, leading many to conclude that the Phillips curve relationship has weakened or even disappeared.
P. L. Jørgensen, Kevin J. Lansing
semanticscholar +1 more source
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