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Inflation, Minimum Wage and Other Wages: An Econometric Study on French Macroeconomic Data
L'Horty, Yannick; Rault, Christophe - 2003
. Two periods are distinguished: the period of inflation rise from 1970 to 1981, which coincides with an important squeeze …
Persistent link: https://www.econbiz.de/10010261586
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The New Keynesian Phillips Curve in Europe: does it fit or does it fail?
Tillmann, Peter - 2005
The canonical New Keynesian model specifies inflation as the present-value of future real marginal cost. This paper … assess the model's ability to match the behavior of actual inflation. In accordance to the literature, the model fits Euro … and a completely failing model. Allowing for inflation inertia through backward-looking indexation narrows confidence …
Persistent link: https://www.econbiz.de/10010295672
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The changing dynamics of US inflation persistence: A quantile regression approach
Tillmann, Peter; Wolters, Maik H. - 2012
We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … higher inflation persistence at the upper than at the lower tail of the conditional inflation distribution. Based on post …
Persistent link: https://www.econbiz.de/10010281472
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The changing dynamics of US inflation persistence : a quantile regression approach
Tillmann, Peter; Wolters, Maik H. - 2012
We examine both the degree and the structural stability of inflation persis tence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … higher inflation persistence at the upper than at the lower tail of the conditional inflation distribution. Based on post …
Persistent link: https://www.econbiz.de/10010392191
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The changing dynamics of US inflation persistence : a quantile regression approach
Tillmann, Peter; Wolters, Maik H. - 2014
We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …
Persistent link: https://www.econbiz.de/10010394332
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The changing dynamics of US inflation persistence : a quantile regression approach
Tillmann, Peter; Wolters, Maik H. - 2014
We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …
Persistent link: https://www.econbiz.de/10010357837
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The changing dynamics of US inflation persistence : a quantile regression approach
Tillmann, Peter; Wolters, Maik H. - 2012
We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … higher inflation persistence at the upper than at the lower tail of the conditional inflation distribution. Based on post …
Persistent link: https://www.econbiz.de/10009413308
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The New Keynesian Phillips Curve in Europe : Does it Fit or Does it Fail?
Tillmann, Peter - 2016
The canonical New Keynesian model specifies inflation …
Persistent link: https://www.econbiz.de/10012991331
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Inflation, Minimum Wage and Other Wages : An Econometric Study on French Macroeconomic Data
L'Horty, Yannick; Rault, Christophe - 2021
. Two periods are distinguished: the period of inflation rise from 1970 to 1981, which coincides with an important squeeze …
Persistent link: https://www.econbiz.de/10013319774
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Mortgage debt and time-varying monetary policy transmission
Finck, David; Schmidt, Jörg; Tillmann, Peter - 2018
We study the role of monetary policy for the dynamics of U.S. mortgage debt, which is the largest component of household indebtedness. A timevarying parameter VAR model allows us to study the variation in the mortgage debt sensitivity to monetary policy. We find that an identically-sized policy...
Persistent link: https://www.econbiz.de/10011803783