Some international evidence on the Lucas Supply Function

We provide empirical evidence on the Lucas Supply Function based on actual inflation surprises for 19 industrial economies. Our results show that the inflation surprise positively correlates with the output gap and that this relationship is negatively related to inflation variability.

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Year of publication:	2012
Authors:	Fendel, Ralf ; Rülke, Jan-Christoph
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 114.2012, 2, p. 157-160
Publisher:	Elsevier
Subject:	Lucas Supply Function \| Inflation expectations \| Business cycle

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Type of publication:	Article
Classification:	E31 - Price Level; Inflation; Deflation ; D84 - Expectations; Speculations ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041767