Search Results - subject:"new hybrid Phillips curve"

Inflation Persistence in Central and Southeastern Europe: Evidence from Univariate and Structural Time Series Approaches

Mladenović, Zorica; Nojković, Aleksandra - In: Panoeconomicus 59 (2012) 2, pp. 235-266

The purpose of this paper is to measure inflation persistence in the following countries of Central and Southeastern Europe: Slovakia, the Czech Republic, Poland, Hungary, Romania and Serbia. The study sample covers monthly data from January, 1995 to May, 2010 for Poland, Hungary and Slovakia,...

Persistent link: https://www.econbiz.de/10010857994

Inflation persistence: Is it similar in the new EU member states and the euro area members?

Franta, Michal; Saxa, Branislav; Šmídková, Kateřina - 2008

Inflation persistence has been put forward as one of the potential reasons of divergence among euro area members. It has also been proposed that the new EU Member States (NMS) may struggle with even higher persistence due to convergence factors. We argue that persistence may not be as different...

Persistent link: https://www.econbiz.de/10010322289

Inflation Persistence: Is It Similar in the New EU Member States and the Euro Area Members?

Franta, Michal; Saxa, Branislav; Smidkova, Katerina - Institut ekonomických studií, Univerzita Karlova v Praze - 2008

. Keywords: inflation persistence, new hybrid Phillips curve, new member states, time-varying mean JEL: E31, C22, C11, C32 … fractionally integrated moving average model (ARFIMA) Structural measures iv) Estimates of the New Hybrid Phillips Curve (NHPC … the New Hybrid Phillips Curve introduced in Galí and Gertler (1999). The authors estimate the NHPC on US quarterly data …

Persistent link: https://www.econbiz.de/10005673630

Inflation persistence: euro area and new EU Member States

Franta, Michal; Saxa, Branislav; Šmídková, Katerina - 2007

Is inflation persistence in the new EU Member States (NMS) comparable to that in the euro area countries? We argue that persistence may not be as different between the two country groups as one might expect. We confirm that one should work carefully with the usual estimation methods when...

Persistent link: https://www.econbiz.de/10011604856

Inflation Persistence in New EU Member States: Is It Different Than in the Euro Area Members?

Franta, Michal; Saxa, Branislav; Smidkova, Katerina - Česká Národní Banka - 2007

Persistent link: https://www.econbiz.de/10005405578

Inflation persistence: euro area and new EU Member States

Franta, Michal; Saxa, Branislav; Šmídková, Katerina - European Central Bank - 2007

Persistent link: https://www.econbiz.de/10005816292