Search Results - subject:"Inflation expectation errors"

Instabilité de la courbe de Phillips aux Etats-Unis : un modèle explicatif à changements de régimes.

Guerrero, Guillaume; Million, Nicolas - Maison des Sciences Économiques, Université Paris 1 … - 2004

-Switching framework. We explicitly identify the dynamics of inflation expectation errors using the expectations augmented Markov … found that dynamics of inflation expectation errors change across regimes. These switches can be associated with breaks in …

Persistent link: https://www.econbiz.de/10005797809

The US Phillips Curve and inflation expectations: A State Space Markov-Switching explanatory model

Guerrero, Guillaume; Million, Nicolas - Society for Computational Economics - SCE - 2004

explicitly identify the dynamic of inflation expectation errors using the expectations augmented Markov-switching Phillips curve … of inflation expectation errors change across regimes. For the last 20 years we show the Phillips curve is vertical and …

Persistent link: https://www.econbiz.de/10005345273

The US Phillips Curve and inflation expectations: A State Space Markov-Switching explanatory model

Million, Nicolas; Guerrero, Guillaume - Econometric Society - 2004

This paper proposes a new empirical representation of US inflation expectations in a Stace-Space Markov-Switching framework in order to identify the expectations regimes which are associated with short and long term Phillips curves. Results suggest that the dynamics of inÂ‡ation expectation...

Persistent link: https://www.econbiz.de/10005086423