We model provincial inflation in China during the reform period. In particular, we are interested in the ability of the … hybrid New Keynesian Phillips Curve (NKPC) to capture the inflation process at the provincial level. The study highlights … differences in inflation formation and shows that the NKPC provides a reasonable description of the inflation process only for the …

We model provincial inflation in China during the reform period. In particular, we are interested in the ability of the … hybrid New Keynesian Phillips Curve (NKPC) to capture the inflation process at the provincial level. The study highlights … differences in inflation formation and shows that the NKPC provides a reasonable description of the inflation process only for the …

We model provincial inflation in China during the reform period. In particular, we are interested in the ability of the … hybrid New Keynesian Phillips Curve (NKPC) to capture the inflation process at the provincial level. The study highlights … differences in inflation formation and shows that the NKPC provides a reasonable description of the inflation process only for the …

Swedish data by means of GMM and Full Information Maximum Likelihood. The results show that with real marginal cost in the … variable for Swedish inflation than the output gap. However, standard errors in the estimations are large and it is in fact … difficult to pin down a statistically significant relationship between either real marginal cost or the output gap and inflation. …

Swedish data by means of GMM and Full Information Maximum Likelihood. The results show that with real marginal cost in the … variable for Swedish inflation than the output gap. However, standard errors in the estimations are large and it is in fact … difficult to pin down a statistically significant relationship between either real marginal cost or the output gap and inflation. …

Background: The inflation dynamics of Croatia is studied in the paper, with the review of applicable marginal cost … the price of imports and other open economy factors in driving inflation in Croatia from the first quarter of 2000 to the … fourth quarter of 2011. Methods/Approach: We use the generalized method of moments (GMM) estimator to empirically estimate …

provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for the conduct of …The New Keynesian Phillips curve (NKPC) posits the dynamics of inflation as forward looking and related to marginal … costs.In this paper we examine the empirical relevance of the NKPC for mainland China.The empirical results indicate that an …