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The New Keynesian Phillips Curve Tested on OECD Panel Data
Bjørnstad, Roger - 2011
definitions and choice of data samples. In an estimation on panel data from OECD countries we replicate the typical empirical NPC …
Persistent link: https://www.econbiz.de/10013132203
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The New Keynesian Phillips curve tested on OECD panel data
Bjørnstad, Roger (contributor); Nymoen, Ragnar (contributor) - 2008
Using a panel data set for OECD countries we replicate the typical features of the New Keynesian Phillips curve models … (NPCs) that have been estimated on country data. While this corroborates the NPC also on the macro panel data set, a … ; forward-looking price setting ; panel data model ; encompassing …
Persistent link: https://www.econbiz.de/10003732136
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International Evidence on the Efficacy of New-Keynesian Models of Inflation Persistence
Korenok, Oleg; Swanson, Norman R. - 2007
In this paper we take an agnostic view of the Phillips curve debate, and carry out an empirical investigation of the relative and absolute efficacy of Calvo sticky price (SP), sticky information (SI), and sticky price with indexation models (SPI), with emphasis on their ability to mimic...
Persistent link: https://www.econbiz.de/10014052485
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International evidence on the efficacy of new-Keynesian models of inflation persistence
Korenok, Oleg; Radchenko, Stanislav; Swanson, Norman R. - In: Journal of applied econometrics 25 (2010) 1, pp. 31-54
Persistent link: https://www.econbiz.de/10008666817
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International evidence on the efficacy of new-Keynesian models of inflation persistence
Korenok, Oleg; Radchenko, Stanislav; Swanson, Norman R. - 2011 - Rev.
We take an agnostic view of the Phillips curve debate, and carry out an empirical investigation of the relative and absolute efficacy of Calvo sticky price (SP), sticky information (SI), and sticky price with indexation models (SPI), with emphasis on their ability to mimic inflationary dynamics....
Persistent link: https://www.econbiz.de/10009130738
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Testing the Bhaduri-Marglin Model with OECD Panel Data
Hartwig, Jochen - 2014
number of countries. This paper is the first to test the Bhaduri-Marglin model with panel data. It finds that demand growth …
Persistent link: https://www.econbiz.de/10013059882
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International evidence on the efficacy of new-Keynesian models of inflation persistence
Korenok, Oleg (contributor);  … - 2006
In this paper we take an agnostic view of the Phillips curve debate, and carry out an empirical investigation of the relative and absolute efficacy of Calvo sticky price (SP), sticky information (SI), and sticky price with indexation models (SPI), with emphasis on their ability to mimic...
Persistent link: https://www.econbiz.de/10003698507
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The New Keynesian Phillips Curve Tested on OECD Panel Data
Bjørnstad, Roger; Nymoen, Ragnar - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-23, pp. 1-18
Using a panel data set for OECD countries we replicate the typical features of the New Keynesian Phillips curve models … (NPCs) that have been estimated on country data. While this corroborates the NPC also on the macro panel data set, a …
Persistent link: https://www.econbiz.de/10010295320
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The New Keynesian Phillips curve tested on OECD panel data
Bjørnstad, Roger (contributor); Nymoen, Ragnar (contributor) - 2008
definitions and choice of data samples. In an estimation on panel data from OECD countries we replicate the typical empirical NPC …
Persistent link: https://www.econbiz.de/10003631862
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Closed-Form Estimates of the New Keynesian Phillips Curve with Time-Varying Trend Inflation
Barnes, Michelle L.; Gumbau-Brisa, Fabia; Lie, Denny; … - 2009
We compare estimates of the New Keynesian Phillips Curve (NKPC) when the curve is specified in two different ways. In the standard difference equation (DE) form, current inflation is a function of past inflation, expected future inflation, and real marginal costs. The alternative closed form...
Persistent link: https://www.econbiz.de/10014199833