New Keynesian Phillips curve
Determinants of inflation differentials in the euro area: is the New Keynesian Phillips Curve enough?
... In the euro area, inflation rates diverged after the creation of the single currency, and started to converge again from mid-2002. It is against this background that the paper studies the determinants of inflation ...
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Determinants of inflation differentials in the euro area: Is the New Keynesian Phillips Curve enough?
... In the euro area, inflation rates diverged after the creation of the single currency, and started to converge again after mid 2002. Against this background, this paper studies the determinants of inflation differentials ...
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Microfoundation of inflation persistence in the new Keynesian Phillips curve
... although firms change prices periodically, they face convex although firms change prices periodically, they face convex costs that preclude optimal adjustment. • In essence model as[r] ...
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New Keynesian Phillips Curve Estimation: The Case of Hungary (1981–2006)
... This paper investigates for the presence of a New Keynesian Phillips (nkpc) curve in Hungary in the period 1981:3–2006:2. Hungary is a unique case among the transition economies as a country ...
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Rev. Bras. Econ. vol.64 número3
... of new Keynesian Phillips curve has been criticized for not being able to ex- plain the trade-off between stabilizing inflation versus stabilizing the gap between actual output and natural ...
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Is the new keynesian is curve forward looking?
... the new Keynesian model because the real interest rate affects the rate of change of the output gap and not its level, as the traditional Keynesian model would have ...a new Keynesian ...
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New Keynesian Phillips Curves and potential identification failures: a Generalized Empirical Likelihood analysis
... GG start from a Calvo-type price setting framework with imperfectly competitive …rms, where a proportion of …rms do not change their prices in any given period, independently of past price changes. Furthermore, they ...
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Econ. Apl. vol.15 número4
... the new Keynesian model, I take parameter values for β, ω and κfrom Silveira (2008), who estimated a DSGE model using Brazilian ...semi-structural new Keynesian model fitted to Latin American ...
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Estud. Econ. vol.34 número4
... some new estimates for the relationship between inflation and unem- ployment in Brazil based on a new Keynesian hypothesis about the behavior of the ...convex Phillips Curve estimated ...
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A structuralist Philips curve
... determined by the conflicting claims on output, and that effective demand influences price determination through its impact on the rate of profit and the bargaining power of workers. In addition to these traditional ...
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Analyzing the implications of a cost-channel in a new keynesian model
... a new-Keynesian ...the Phillips curve, and domestic inflation, causing monetary authorities to face a realistic trade-off between stabilising the inflation rate and the output gap when the ...
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A NEW KEYNESIAN OPEN ECONOMY MODEL FOR POLICY ANALYSIS
... The behaviour of domestic inflation is determined entirely by the Phillips curve and monetary rule mechanisms. Since the model pins down the behaviour of the real exchange rate, the behaviour of the nominal ...
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MUSEU PARAENSE EMÍLIO GOELDI UNIVERSIDADE FEDERAL DO PARÁ PROGRAMA DE PÓS-GRADUAÇÃO EM ZOOLOGIA CURSO DE DOUTORADO EM ZOOLOGIA SISTEMÁTICA, FILOGENIA E BIOGEGRAFIA DO GÊNERO
... History, New York (AMNH), Carnegie Museum of Natural History, Pittsburgh (CM), Colección Ornitológica Phelps, Caracas, Venezuela (COP), Field Museum of Natural History, Chicago (FMNH), Instituto Nacional de ...
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Curva de Phillips e macrodinâmica do capital ótimo.
... de Phillips estendida, em que o pro- cesso expectacional envolve expectativas ...de Phillips chegando-se então à forma inal da ...de Phillips novokeynesiana foi originalmente proposta por Calvo ...
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Curva de Phillips para Portugal : uma abordagem de cointegração
... Se o coeficiente de y,., for multiplicado por T, o resultado será dado pela estimativa de T((a-l)(l-p) em vez de T(a-l). Estas estatísticas de teste claramente não seguem a mesma distr[r] ...
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Previsões de inflação com a curva de Phillips
... ｇｯｲ､ｯｮＬ ｒＮ ＨＱＹＹＸＩ Ｂｆｯｵｮ､｡ｴｩｯｮｳ ｯｦ ｴｨ･ ｇｯｬ､ｩｬｯ｣ｫｳ ｅ｣ｯｮｯｭｹＺ ｓｵｰｰｩｹ ｓｨｯ｣ｫｳ ｡ｮ､ ｴｨ･. ｔｩｭ･ ｶ｡ｲｹｩｮｧ ｎａｉｒｕＢＬ ｂｲｯｯｫｩｮｧｳ ｐ｡ｰ･ｲｳ ｯｮ ｅ｣ｯｮｯｭｩ｣ ａ｣ｴｩｶｩｴｹ ＲＬ ＲＹＷＭＳＳＳ[r] ...
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DEMOCRACY AS A CURVE
... Via the use of two different measures of democracy, the widely used polity2 variable by the Polity IV project and the Unified Democracy Scores by Pemstein et al. (2010), we have further provided insightful comparison ...
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Firing and training costs and labour market segmentation
... the number of vacancies, the separation rate and the size of job flows to be higher. As mentioned in Section 1.2.2, wage rigidity implies to some extent wage compression, given that now all wage rates, including the one ...
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Inflation targeting in Brazil: a Keynesian approach
... yield curve must exist, so that policy decisions related to short-term interest rates can be transmitted to the interest rates that actually influence private agents’ ...
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Robust monetary policy with the consumption - wealth channel
... This paper studies how a central bank‘s concerns about model un- certainty affects monetary policy in the Blanchard-Yaari framework with sticky prices. First, I present analytical solutions by assuming that all exogenous ...
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