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Forecasting Inflation Using the Phillips Curve : Evidence from Swedish Data

Gabrielyan, Diana - 2016

This paper studies the forecasting ability of various Phillips curve specifications in a pseudo out-of-sample exercise for Swedish inflation over the period 1980-2014. Three measures of inflation are considered –– headline inflation, underlying inflation, GDP deflator inflation, in addition...

Persistent link: https://www.econbiz.de/10012981015

The possible unemployment cost of average inflation below a credible target : a replication study of Svensson (American Economic Journal: Macroeconomics, 2015)

Oraby, Ramy - In: Journal of comments and replications in economics 1 (2022), pp. 1-21

United States. Overall, the replication exercise successfully confirms the conclusions of Svensson (2015). In both Sweden and … long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below …

Persistent link: https://www.econbiz.de/10013179358

Testing near-rationality using detailed survey data

Bryan, Michael F.; Palmqvist, Stefan Ulf - 2005

detailed surveys of household inflation expectations for the United States and Sweden, we find that the data are generally … broad, qualitative terms. Moreover, the combination of a low-inflation environment and an inflation target in Sweden has …

Persistent link: https://www.econbiz.de/10011585061