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Vogel, Lena:

The Hybrid New Keynesian Phillips Curve and the NAIRU over Time - An Empirical Study for the US, the UK, Italy and Spain - Livro de bolso

2009, ISBN: 9783639221312

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Lena Vogel:

The Hybrid New Keynesian Phillips Curve and the NAIRU over Time : An Empirical Study for the US, the UK, Italy and Spain - Livro de bolso

2009, ISBN: 3639221311

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The Hybrid New Keynesian Phillips Curve and the NAIRU over Time / An Empirical Study for the US, the UK, Italy and Spain / Lena Vogel / Taschenbuch / Englisch / VDM Verlag Dr. Müller - Vogel, Lena
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The Hybrid New Keynesian Phillips Curve and the NAIRU over Time / An Empirical Study for the US, the UK, Italy and Spain / Lena Vogel / Taschenbuch / Englisch / VDM Verlag Dr. Müller - Livro de bolso

ISBN: 9783639221312

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Lena Vogel:
The Hybrid New Keynesian Phillips Curve and the NAIRU over Time - Livro de bolso

ISBN: 9783639221312

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Vogel, Lena:
The Hybrid New Keynesian Phillips Curve and the NAIRU over Time: An Empirical Study for the US, the UK, Italy and Spain - Livro de bolso

2009, ISBN: 9783639221312

VDM Verlag Dr. Müller, Taschenbuch, 64 Seiten, Publiziert: 2009-12-03T00:00:01Z, Produktgruppe: Book, 0.23 kg, Recht, Kategorien, Bücher, Wirtschaftslehre, Wirtschaft, Business & Karriere… mais…

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The Hybrid New Keynesian Phillips Curve and the NAIRU over Time

New Keynesian models of the Phillips Curve generally assume a short run trade-off between inflation and a measure of excess demand due to nominal rigidities, while in the long run inflation is constant at the 'Non-Accelerating Inflation Rate of Unemployment' (NAIRU). By contrast, models such as the 'Triangle Model' of inflation explicitly allow for a time-varying NAIRU. We combine both approaches and estimate state-space models of the hybrid New Keynesian Phillips curve, allowing the short-run NAIRU to vary over time. Moreover, households' inflation expectations are measured directly from consumer surveys by the University of Michigan and the European Commission and are not instrumented for. Our model is estimated for the US, the UK, Italy and Spain and finds considerable variation in the short-run NAIRU over time with NAIRU estimates significantly different from HP-filter derived measures such as usually employed in dynamic stochastic general equilibrium models. Furthermore, we compare stationary and nonstationary NAIRUs, as well as short- and long-run NAIRUs and find that results are generally robust across specifications.

Dados detalhados do livro - The Hybrid New Keynesian Phillips Curve and the NAIRU over Time


EAN (ISBN-13): 9783639221312
ISBN (ISBN-10): 3639221311
Livro de capa dura
Livro de bolso
Ano de publicação: 2009
Editor/Editora: VDM Verlag Dr. Müller
64 Páginas
Peso: 0,112 kg
Língua: eng/Englisch

Livro na base de dados desde 2009-08-06T09:26:28-03:00 (Sao Paulo)
Página de detalhes modificada pela última vez em 2024-01-04T07:07:13-03:00 (Sao Paulo)
Número ISBN/EAN: 9783639221312

Número ISBN - Ortografia alternativa:
3-639-22131-1, 978-3-639-22131-2
Ortografia alternativa e termos de pesquisa relacionados:
Autor do livro: vogel
Título do livro: hybrid, phillips, the study time, nairu, spain italy


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