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Some international evidence on the Lucas Supply Function
Fendel, Ralf; Rülke, Jan-Christoph - In: Economics Letters 114 (2012) 2, pp. 157-160
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. …
Persistent link: https://www.econbiz.de/10011041767
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The cyclical behaviour of prices in the U.K.: Some structural time series evidence
Moosa, Imad A. - In: Empirical Economics 25 (2000) 2, pp. 261-278
The cyclical behaviour of prices in the U.K. is investigated using a sample of annual observations covering the period 1886-1993. A structural time series model relating consumer prices to output is estimated over four sub-periods. The results indicate that prices were procyclical in the...
Persistent link: https://www.econbiz.de/10005382219