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Some Empirical Evidence on Models of Fisher Relation
Kim, Jae-Young - 2018
The Fisher relation, describing a one-for-one relation between nominal interest rate and expected inflation, underlies many important results in economics and finance. The Fisher relation is a conceptually simple relation, but the empirical evidence of it is more or less complicated with mixed...
Persistent link: https://www.econbiz.de/10012917906
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Modelling Inflation in the Euro Area
Jansen, Eilev S. - 2021
The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation equation of the Area Wide model (AWM) - cf. Fagan, Henry...
Persistent link: https://www.econbiz.de/10013319393
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Disinflation and the Phillips Curve : Israel 1986-2015
Melnick, Rafi; Strohsal, Till - 2016
A Phillips Curve (PC) framework is utilized to study the challenging post-1985 disinflation process in Israel. The estimated PC is stable and has forecasting power. Based on endogenous structural break tests we find that actual and expected inflation are co-breaking. We argue that the step-like...
Persistent link: https://www.econbiz.de/10011544982
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Inflation and core money growth in the euro area
Neumann, Manfred J. M. (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002433852
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Estimating Open Economy Phillips Curves for the Euro Area with Directly Measured Expectations
Paloviita, Maritta - 2008
This paper examines euro area inflation dynamics by estimating open economy New Keynesian Phillips curves based on the assumption that all imports are intermediate goods. Instead of imposing rational expectations a priori, Consensus Economics survey data and OECD inflation forecasts are used to...
Persistent link: https://www.econbiz.de/10012723885
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Behavioral heterogeneity in US inflation dynamics
Cornea, Adriana; Hommes, Cars H.; Massaro, Domenico - 2013
Persistent link: https://www.econbiz.de/10010191432
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Foreign Exchange and the Capital Market Dynamics : New Evidence from Non-linear Autoregressive Distributed Lag Model
Omoregie, Osaretin Kayode - 2020
The purpose of this study was to investigate and analyze the relationship between foreign exchange and capital market dynamics in Nigeria from January 1999 to February 2018. The study deployed the Non-Linear-ARDL model to study the dynamics of exchange rate and the capital market in Nigeria. The...
Persistent link: https://www.econbiz.de/10012834326
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Chapter 3. Spatial Methods
Gibbons, Steve; Overman, Henry G.; Patacchini, Eleonora - In: Handbook of regional and urban economics : volume 5, (pp. 115-168). 2015
way of characterizing these interactions, but complicates both interpretation and estimation of parameters of interest …. The estimation of these models leads to three fundamental challenges: the “reflection problem,” the presence of omitted … or spatial differencing—used to address these problems in reduced form estimation. These general lessons carry over to …
Persistent link: https://www.econbiz.de/10014025316
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Downward nominal wage rigidity and the long-run Phillips curve : simulation-based evidence for the euro area
Coenen, Günter - In: Background studies for the ECB's evaluation of its …, (pp. 127-138). 2004
Persistent link: https://www.econbiz.de/10002202429
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Modelling inflation in the euro area
Jansen, Eilev S. (contributor) - 2004
Persistent link: https://www.econbiz.de/10002124909