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relationship between inflation and real marginal cost cannot be established empirically for a majority of countries and sectors. We … NKPC for the analysis of inflation dynamics and monetary policy in the Euro Area. …
Persistent link: https://www.econbiz.de/10010734794
The New Keynesian Phillips Curve has become an inherent part of modern monetary policy models. It is derived from micro-founded models with rational expectations, sticky prices, and forward and backward-looking subjects on the market. Having reviewed about 200 studies, we analyze the weight of...
Persistent link: https://www.econbiz.de/10010318419
The New Keynesian Phillips Curve has become an inherent part of modern monetary policy models. It is derived from micro-founded models with rational expectations, sticky prices, and forward and backward-looking subjects on the market. Having reviewed about 200 studies, we analyze the weight of...
Persistent link: https://www.econbiz.de/10010551655
In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro … area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence … across the board. In particular we find euro area inflation persistence to be broadly in line with US inflation persistence …
Persistent link: https://www.econbiz.de/10013120765
In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro … area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence … across the board. In particular we find euro area inflation persistence to be broadly in line with US inflation persistence …
Persistent link: https://www.econbiz.de/10013318918
This paper applies linear and neural network-based "thick" models for forecasting inflation based on Phillips …
Persistent link: https://www.econbiz.de/10013319342
been shown to describe satisfactorily the relationship between inflation and marginal cost both for the United States and …
Persistent link: https://www.econbiz.de/10014060301
using survey data on inflation expectations. The results based on these two specifications exhibit sharp differences …
Persistent link: https://www.econbiz.de/10005101039
using survey data on inflation expectations. The results based on these two specifications exhibit sharp differences …
Persistent link: https://www.econbiz.de/10008671536
crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman … long run dynamics of CPI inflation inIndonesia remarkably weIl. Hence, there is an empirical support for the assertion that …
Persistent link: https://www.econbiz.de/10011343263