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Estimates of the open economy New Keynesian Phillips curve for euro area countries
Rumler, Fabio - 2005
input costs they tend to adjust their prices more frequently. However, when the model is estimated in its general …
Persistent link: https://www.econbiz.de/10011604542
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Estimates of the Open Economy New Keynesian Phillips Curve for Euro Area Countries
Rumler, Fabio - 2005
input costs they tend to adjust their prices more frequently. However, when the model is estimated in its general …
Persistent link: https://www.econbiz.de/10013370019
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Estimates of the Open Economy New Keynesian Phillips Curve for Euro Area Countries
Rumler, Fabio - 2021
input costs they tend to adjust their prices more frequently. However, when the model is estimated in its general …
Persistent link: https://www.econbiz.de/10013318511
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The New Keynesian Phillips Curve for Austria – An Extension for the Open Economy
Rumler, Fabio - In: Monetary Policy & the Economy (2006) 4, pp. 55-69
their prices every quarter, indicating that overall, prices are constant for an average of roughly ten months. Moreover …, between 30% and 50% of all firms follow a backward-looking rule of thumb in setting their prices. Compared to the other euro …
Persistent link: https://www.econbiz.de/10005260649
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Estimates of the Open Economy New Keynesian Phillips Curve for Euro Area Countries
Rumler, Fabio - Oesterreichische Nationalbank - 2005
input costs they tend to adjust their prices more frequently. However, when the model is estimated in its general …
Persistent link: https://www.econbiz.de/10005627577
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Price Developments in Austria after EU Accession and in Monetary Union
Fluch, Manfred; Rumler, Fabio - In: Monetary Policy & the Economy (2005) 2, pp. 69-89
Austrians widely expected prices to fall on account of EU accession, participation in the Single Market and the … reductions. Liberalization entailed price effects in network industries, with prices in the telecommunications sector a case in … point: they decreased over extended periods. Conversely, prices in many service industries have been continually uptrending …
Persistent link: https://www.econbiz.de/10005273236
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The Small Open-Economy New Keynesian Phillips Curve: Empirical Evidence and Implied Inflation Dynamics
Mihailov, Alexander; Rumler, Fabio; Scharler, Johann - 2008
This paper applies GMMestimation to assess empirically the small open-economy New Keynesian Phillips Curve derived in Galí and Monacelli (2005). We obtain a testable specification where fluctuations in the terms of trade enter explicitly, thus allowing a comparison of the relevance of domestic...
Persistent link: https://www.econbiz.de/10010294863
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Inflation Dynamics in the New EU Member States: How Relevant Are External Factors?
Mihailov, Alexander; Rumler, Fabio; Scharler, Johann - 2009
In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European Union (EU) member countries. Our empirical analysis is based on the New Keynesian Phillips Curve (NKPC) derived in Galí and Monacelli (2005) for small open economies (SOE)....
Persistent link: https://www.econbiz.de/10010294894
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How frequently do consumer prices change in Austria? Evidence from micro CPI data
Baumgartner, Josef; Glatzer, Ernst; Rumler, Fabio; … - 2005
method, prices are unchanged for 10 to 14 months on average. We find strong heterogeneity across sectors and products. Price …) percent. The aggregate hazard function of prices is decreasing with time. Besides heterogeneity across products and price …
Persistent link: https://www.econbiz.de/10011604569
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Price setting in the euro area: some stylized facts from individual consumer price data
Dhyne, Emmanuel; Álvarez, Luis J.; Le Bihan, Hervé; … - 2005
, the frequency of price changes is characterized by substantial cross product heterogeneity - prices of oil and unprocessed …
Persistent link: https://www.econbiz.de/10011604570