An updated assessment of the Lucas supply curve and the inflation-output trade-off

Previous work assessing the results of Lucas [Lucas, R., 1972, Expectations and the neutrality of money, Journal of Economic Theory 4, 103-124.] and the inflation-output trade-off is updated by incorporating recent data, avoiding spurious regressions and bootstrapping results. The relationship hypothesized by Lucas is reinforced, but mean inflation results are inconclusive.

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Year of publication:	2008
Authors:	Abbott, Brant ; Martínez, Cristina
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 101.2008, 3, p. 199-201
Publisher:	Elsevier
Keywords:	Inflation Output inflation Output Phillips curves

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005307359