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A nonparametric panel data approach to the cyclical dynamics of price-cost margins

Vaona, Andrea - Institut für Weltwirtschaft (IfW) - 2010

By using nonparametric and panel data econometrics, this paper re-assesses the effect of both the current level of economic activity and of future expected demand on the dynamics of the price mark-up over marginal cost in US manufacturing industries from 1958 to 1996. Consistently with previous...

Persistent link: https://www.econbiz.de/10008501743

The Price-Price Phillips Curve in Small Open Economies and Monetary Unions: Theory and Empirics

Vaona, Andrea - Institut für Weltwirtschaft (IfW) - 2014

reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …

Persistent link: https://www.econbiz.de/10010886968

Increasing Returns to Scale and the Long-Run Phillips Curve

Vaona, Andrea; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2006

A growing body of empirical evidence shows that there exists a long-run positive tradeoff between inflation and real … between inflation and output. …

Persistent link: https://www.econbiz.de/10005700624

Nonparametric and Semiparametric Evidence on the Long-Run Effects of Inflation on Growth

Vaona, Andrea; Schiavo, Stefano - Institut für Weltwirtschaft (IfW) - 2006

inflation and output growth is non-linear and that there exists a threshold level below which inflation has no effects on growth. …

Persistent link: https://www.econbiz.de/10005818823