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We estimate a 'Hybrid New-Keynesian Phillips Curve' for Argentina between 1993 and 2007. We extend the model to a small …
Persistent link: https://www.econbiz.de/10010325089
Inflation forecasting plays a central role in monetary policy formulation. At the same time, recent international empirical evidence suggests that with the decline in inflation of recent years, the joint dynamics of this variable and its potential predictors has changed and inflation has become...
Persistent link: https://www.econbiz.de/10010325105
idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High … inflation was high. Surprisingly, the findings for Argentina do not support the a-priori as both variables show significant long …
Persistent link: https://www.econbiz.de/10010325092