Testing for a Common OECD Phillips Curve:

This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order to i...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Turner, Dave (VerfasserIn)
Weitere Verfasser: Seghezza, Elena (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 1999
Schriftenreihe:OECD Economics Department Working Papers
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Zusammenfassung:This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order to impose common parameters across countries where such restrictions are consistent with the data. A striking feature of the results is that most of the countries accept a common sacrifice ratio ...
Beschreibung:1 Online-Ressource (23 Seiten) 21 x 29.7cm
DOI:10.1787/340107434541