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-unemployment tradeoff for Spain and examine how recent policy changes have affected it. -- Inflation-unemployment tradeoff ; Phillips curve …
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-unemployment tradeoff for Spain and examine how recent policy changes have affected it. …
Persistent link: https://www.econbiz.de/10011452035
We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in...
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markets for goods and services will push up inflation. We show the empirical relevance of the modified output gap for Spain … by the then socialist government in Spain with the aim of boosting the economy. …
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In this paper we test the hypothesis of a wage curve against a Phillips curve for Spain within a framework which allos …
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