New Keynesian Phillips curves: a reassessment using euro-area data
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Frankfurt am Main
European Central Bank
2003
|
| Series: | Working paper series / European Central Bank
265 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 64 S. |
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Record in the Search Index
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| adam_text |
CONTENTS
ABSTRACT
4
NON-TECHNICAL
SUMMARY
5
I.
INTRODUCTION
7
2.
THE
CALVO
STAGGERED
PRICE
MODEL
9
3.
NKPCS:
EXISTING
STUDIES
(THE
STANDARD
APPROACH)
12
3.
1
.
TREATMENT
OF
THE
CAPITAL
STOCK
13
3.2.
ESTIMATION
ISSUES:
LABOR
SHARE
IDENTITIES
AND
REGRESSION
CONSTANT
15
3.3.
EMPIRICAL
RESULTS:
THE
STANDARD
APPROACH
17
4.
AGGREGATE
PRICES
AND
FACTOR
DEMAND
IN
A
FRICTIONLESS
AND
STAGGERED-PRICE
ECONOMY
18
4.1.
SUPPLY
SIDE
CONSIDERATIONS:
ACCOUNTING
FOR
OBSERVED
NON-STATIONARY
MARKUPS
18
4.2.
MODEL
OF
LONG-RUN
SUPPLY
19
5.
STRUCTURAL
ESTIMATES
27
5.
1.
ESTIMATES
OF
THE
SUPPLY
SIDE
27
5.2.
ESTIMATION
OF
INFLATION
EQUATIONS
28
5.3.
RESULTS
30
5.4.
THE
PRESENT
VALUE
APPROACH
32
6.
CONCLUSIONS
36
REFERENCES
38
APPENDICES
41
FIGURES
51
TABLES
54
EUROPEAN
CENTRAL
BANK
WORKING
PAPER
SERIES
61 |
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| spelling | McAdam, Peter Verfasser aut New Keynesian Phillips curves a reassessment using euro-area data by Peter McAdam ; Alpo Willman Frankfurt am Main European Central Bank 2003 64 S. txt rdacontent n rdamedia nc rdacarrier Working paper series / European Central Bank 265 Ökonometrisches Modell Inflation (Finance) European Union countries Econometric models Europäische Union. Mitgliedsstaaten European Central Bank Working paper series 265 (DE-604)BV012681744 265 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010606885&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | McAdam, Peter New Keynesian Phillips curves a reassessment using euro-area data Ökonometrisches Modell Inflation (Finance) European Union countries Econometric models |
| title | New Keynesian Phillips curves a reassessment using euro-area data |
| title_auth | New Keynesian Phillips curves a reassessment using euro-area data |
| title_exact_search | New Keynesian Phillips curves a reassessment using euro-area data |
| title_full | New Keynesian Phillips curves a reassessment using euro-area data by Peter McAdam ; Alpo Willman |
| title_fullStr | New Keynesian Phillips curves a reassessment using euro-area data by Peter McAdam ; Alpo Willman |
| title_full_unstemmed | New Keynesian Phillips curves a reassessment using euro-area data by Peter McAdam ; Alpo Willman |
| title_short | New Keynesian Phillips curves |
| title_sort | new keynesian phillips curves a reassessment using euro area data |
| title_sub | a reassessment using euro-area data |
| topic | Ökonometrisches Modell Inflation (Finance) European Union countries Econometric models |
| topic_facet | Ökonometrisches Modell Inflation (Finance) European Union countries Econometric models Europäische Union. Mitgliedsstaaten |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010606885&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV012681744 |
| work_keys_str_mv | AT mcadampeter newkeynesianphillipscurvesareassessmentusingeuroareadata |