The Phillips Curve is Back? Using Panel Data to Analyze the Relationship Between Unemployment and Inflation in an Open Economy.

Expanding of an approach suggested by Ashenfelter (1984), we extend the Phillips curve to an open economy and exploit panel data to estimate the textbook "expectations augmented" Phillips curve with a market-based and observable measure of inflation expectations. We develop this measure using assumptions common in economic analysis of open economies.

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Year of publication:	1999
Authors:	DiNardo, J. ; Moore, M.P.
Institutions:	California Irvine - School of Social Sciences
Subject:	INFLATION \| UNEMPLOYMENT \| MACROECONOMICS

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Series:	California Irvine - School of Social Sciences.
Type of publication:	Book / Working Paper
Notes:	28 pages
Classification:	E31 - Price Level; Inflation; Deflation ; F41 - Open Economy Macroeconomics ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005780901