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The Phillips Curve is Back? Using Panel Data to Analyze the Relationship Between Unemployment and Inflation in an Open Economy

DiNardo, John - 1999

inflation expectations. We develop this measure using assumptions common in economic analysis of open economies. Using quarterly …

Persistent link: https://www.econbiz.de/10012471456

Productivity Growth and the Phillips Curve

Ball, Laurence - 2001

unemployment-inflation tradeoff since 1995 …

Persistent link: https://www.econbiz.de/10012470298

Estimating the Long-Run Relationship Between Interest Rates and Inflation : A Response to McCallum

Summers, Lawrence H. - 1984

This note demonstrates that Bennett McCallum's recent critique of low frequency estimates of macro-economic relationships is of little empirical significance. It also demonstrates that readily available and frequently used techniques can be used to diagnose the problem McCallum raises. Finally,...

Persistent link: https://www.econbiz.de/10012477640

Integration, Cointegration and the Forecast Consistency of Structural Exchange Rate Models

Cheung, Yin-Wong - 1997

, according to the Johansen procedure, cointegration fails to hold the farther out the forecasts extend. At the one year ahead …

Persistent link: https://www.econbiz.de/10012472881

Cointegration and Tests of Present Value Models

Campbell, John Y. - 1986

In a model where a variable Y[sub t] is proportional to the present value, with constant discount rate, of expected future values of a variable y[sub t] the "spread" S[sub t]= Y[sub t] - [theta sub t] will be stationary for some [theta] whether or not y[sub t]must be differenced to induce...

Persistent link: https://www.econbiz.de/10012477190

The Long-Run U.S./U.K. Real Exchange Rate

Engel, Charles - 1996

We investigate the behavior of the long-run U.S./U.K. real exchange rate from 1885 to 1995. Our long-run real exchange rate series is derived from an unobserved components model which divides the real exchange rate into permanent and transitory components. The transitory component is modeled as...

Persistent link: https://www.econbiz.de/10012473057

Housing Demand and Remote Work

Mondragon, John; Wieland, Johannes - National Bureau of Economic Research - 2022

is likely to have large effects on the future path of house prices and inflation …

Persistent link: https://www.econbiz.de/10013210069

The Band Pass Filter

Christiano, Lawrence J. - 1999

illustrate the use of this approximation, we use it to characterize the change in the nature of the Phillips curve and the money-inflation … change in money growth-inflation relation …

Persistent link: https://www.econbiz.de/10012471533

Demand Variability, Supply Shocks and the Output-Inflation Tradeoff

Froyen, Richard T. - 1983

This paper examines the shift in the relation between the inflation rate and the rate of growth of real output which … possible lines of explanation: a) the new classical view of the output-inflation tradeoff, initially specified by Lucas;b) the … effect of supply-side shocks, such as energy prices; c) the effect of inflation variability on the natural rate of real …

Persistent link: https://www.econbiz.de/10012478022

Anticipated Inflation, the Frequency of Transactions, and the Slope of the Phillips Curve

Hercowitz, Zvi - 1980

This paper examines the effects of expected inflation on the responsiveness of output to nominal disturbances in the … framework of a localized markets model. The mechanism described in the theoretical part of the paper is that expected inflation … sensitivity of real output to these socks. The empirical implication of this proposition -- namely ,that expected inflation …

Persistent link: https://www.econbiz.de/10012478618

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