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ML vs GMM Estimates of Hybrid Macroeconomic Models (With an Application to the "New Phillips Curve")

JONDEAU, Eric; BIHAN, Hervé LE - EconWPA - 2003

Many macroeconomic models (including the NKPC - "New Keynesian" Phillips Curve) involve hybrid equations, in which some variables depend on both their lags and leads. Hybrid models have produced conflicting empirical results: GMM (respectively ML) estimation find the forward- looking component...

Persistent link: https://www.econbiz.de/10005062538

Price changes in the Euro area and the United States : some facts from individual consumer price data

Dhyne, Emmanuel; Álvarez, Luis J.; Le Bihan, Hervé; … - In: The journal of economic perspectives : EP ; a journal … 20 (2006) 2, pp. 171-192

Persistent link: https://www.econbiz.de/10003346527

Mesures et perception de l'inflation en France et dans la zone euro : état des lieux

Chauvin, Valérie; Le Bihan, Hervé - In: Bulletin de la Banque de France 160 (2007), pp. 19-34

Persistent link: https://www.econbiz.de/10003471207

Some macroeconomic and monetary policy implications of new micro evidence on wage dynamics

De Walque, Gregory; Jimeno, Juan F.; Krause, Michael; … - In: Journal of the European Economic Association 8 (2010) 2/3, pp. 506-513

Persistent link: https://www.econbiz.de/10008902628

Generalized Taylor and generalized calvo price and wage-setting : micro evidence with macro implications

Dixon, Huw; Le Bihan, Hervé - 2010

The Generalized Calvo and the Generalized Taylor model of price and wage-setting are, unlike the standard Calvo and Taylor counter-parts, exactly consistent with the distribution of durations observed in the data. Using price and wage micro-data from a major euro-area economy (France), we...