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The New Keynesian Phillips Curve and the cyclicality of marginal cost

Mazumder, Sandeep (contributor) - 2008

sticky-price version of the New Keynesian Phillips Curve does a good job of approximating US inflation dynamics. However … to the entire underlying model of the NKPC. Thus I conclude that the NKPC fails to give a sound explanation of inflation …

Persistent link: https://www.econbiz.de/10003777825

The New Keynesian Phillips Curve and the Cyclicality of Marginal Cost

Mazumder, Sandeep - 2010

sticky-price version of the New Keynesian Phillips Curve does a good job of approximating US inflation dynamics. However … model of the NKPC. Thus I conclude that the NKPC fails to give a sound explanation of inflation dynamics …

Persistent link: https://www.econbiz.de/10012758338

Unit Total Costs : An Alternative Marginal Cost Proxy for Inflation Dynamics

Bratsiotis, George - 2016

The New Keynesian Phillips Curve (NKPC), driven by unit labor costs has been criticized for failing to match inflation … inflation and strengthen the empirical support for the role of expectations-based inflation persistence. They also imply a …

Persistent link: https://www.econbiz.de/10013004352

Disinflation and the Phillips Curve : Israel 1986-2015

Melnick, Rafi; Strohsal, Till - 2016

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

Persistent link: https://www.econbiz.de/10011544982

K-state switching models with time-varying transition distributions : does credit growth signal stronger effects of variables on inflation?

Kaufmann, Sylvia - 2014

Two Bayesian sampling schemes are outlined to estimate a K-state Markov switching model with time-varying transition probabilities. Data augmentation for the multinomial logit model of the transition probabilities is alternatively based on a random utility and a difference in random utility...

Persistent link: https://www.econbiz.de/10010493611

Behavioral heterogeneity in US inflation dynamics

Cornea, Adriana; Hommes, Cars H.; Massaro, Domenico - 2013

Persistent link: https://www.econbiz.de/10010191432

Evolving Inflation Dynamics : Was it Mean, Variance or Persistence?

Gadzinski, Gregory - 2011

This paper carries out another evaluation on a highly debated property of inflation dynamics, namely its persistence …. We study inflation dynamics for the United States since 1959 with a time-varying methodology where the intercept … remarkably low end-of-sample estimates for inflation persistence …

Persistent link: https://www.econbiz.de/10014177885