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

Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Turner, Dave (VerfasserIn)
Weitere beteiligte Personen: Seghezza, Elena (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Paris OECD Publishing 1999
Schriftenreihe:OECD Economics Department Working Papers
Schlagwörter:
Links:https://doi.org/10.1787/340107434541
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 ...
Umfang:1 Online-Ressource (23 Seiten) 21 x 29.7cm
DOI:10.1787/340107434541