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NAIRU and productivity shocks : evidence from three gigantic economies

Mohebi, Mehdi; Komijani, Akbar - In: Applied economics letters 25 (2018) 12, pp. 847-852

Persistent link: https://www.econbiz.de/10012130450

New tests of the New-Keynesian Phillips Curve

Whelan, Karl; Rudd, Jeremy - School of Economics, University College Dublin - 2001

Is the observed correlation between current and lagged inflation a function of backward-looking inflation expectations, or do the lags in inflation regressions merely proxy for rational forward-looking expectations, as in the new-Keynesian Phillips curve? Recent research has attempted to answer...

Persistent link: https://www.econbiz.de/10011269277

Inflation targets, credibility, and persistence in a simple sticky-price framework

Whelan, Karl; Rudd, Jeremy - School of Economics, University College Dublin - 2003

This paper presents a re-formulated version of a canonical sticky-price model that has been extended to account for variations over time in the central bank's inflation target. We derive a closed-form solution for the model, and analyze its properties under various parameter values. The model is...

Persistent link: https://www.econbiz.de/10011269503

Inflation in Austria since the introduction of the euro

Fritzer, Friedrich; Rumler, Fabio - In: Monetary policy & the economy : quarterly review of … (2019) 1/2, pp. 24-40

Persistent link: https://www.econbiz.de/10012214243

Inflation and Growth in the Euro Zone

Martellato, Dino - 2012

Although euro area-wide inflation was from 1999 to 2005 almost right, i.e., "close to balance, but below 2%," and … although it combined with real growth as predicted by the long-run money demand equation in the euro area, the picture that … real growth is an issue that the euro area governance is illprepared to manage. It may be of interest, therefore, to …

Persistent link: https://www.econbiz.de/10014026523