Search Results - subject:"Inflation gap."

Can the New Keynesian Phillips Curve Explain Inflation Gap Persistence?

Yao, Fang - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2010

price reset hazard function can generate simulated data that are consistent with inflation gap persistence found in US CPI …

Persistent link: https://www.econbiz.de/10008587702

Policy rules, regime switches, and trend inflation : an empirical investigation for the U.S.

Castelnuovo, Efrem; Greco, Luciano; Raggi, Davide - 2010

policy aggressiveness and inflation gap persistence. …

Persistent link: https://www.econbiz.de/10011739880

Estimating regime-switching Taylor rules with trend inflation

Castelnuovo, Efrem; Greco, Luciano; Raggi, Davide - 2008

evidence in favour of regime shifts and time-variation of the inflation target. We also find a drop in the inflation gap … upon a feedback mechanism running from the monetary policy stance to the inflation gap. Our results support the stochastic …

Persistent link: https://www.econbiz.de/10012148042

Modeling the Phillips curve with unobserved components

Harvey, A. - Faculty of Economics, University of Cambridge - 2008

The relationship between in.ation and the output gap can be modeled simply and effectively by including an unobserved random walk component in the model. The dynamic properties match the stylized facts and the random walk component satisfies the properties normally required for core in.ation....

Persistent link: https://www.econbiz.de/10005647352

Estimating regime-switching Taylor rules with trend inflation

Castelnuovo, Efrem; Greco, Luciano; Raggi, Davide - Suomen Pankki - 2008

Persistent link: https://www.econbiz.de/10005771145

Trend inflation and the nature of structural breaks in the New Keynesian Phillips curve

Kim, Chang-jin; Pym Manopimoke; Nelson, Charles R. - In: Journal of money, credit and banking : JMCB 46 (2014) 2/3, pp. 253-266

Persistent link: https://www.econbiz.de/10010464124

Policy rules, regime switches, and trend inflation : an empirical investigation for the United States

Castelnuovo, Efrem; Greco, Luciano; Raggi, Davide - In: Macroeconomic dynamics 18 (2014) 4, pp. 920-942

Persistent link: https://www.econbiz.de/10010467417

Inflation targeting in ASEAN-10

Poon, Wai Ching; Lee, Yong Shen - In: The South African journal of economics 82 (2014) 1, pp. 141-157

Persistent link: https://www.econbiz.de/10010501414

Estimating the Monetary Policy Reaction Function for Taiwan: A VAR Model

Chang, Hui S. - In: The International Journal of Applied Economics 2 (2005) 1, pp. 50-61

to a shock to the inflation gap and the stock price gap but does not react significantly to a shock to the output gap or … the exchange-rate gap. Furthermore, except for the lagged interest rate, the inflation gap is more influential in …

Persistent link: https://www.econbiz.de/10004978069

Explaining inflation-gap persistence by a time-varying Taylor rule

Conrad, Christian; Eife, Thomas A. - In: Journal of Macroeconomics 34 (2012) 2, pp. 419-428

In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a … to inflation and the output gap, we show that the empirically observed changes in US inflation-gap persistence during the …

Persistent link: https://www.econbiz.de/10010875202

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