Observed Inflation Forecasts and the New Keynesian Phillips Curve
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Zhang, Chengsi | - |
dc.contributor.author | Osborn, Denise R. | - |
dc.contributor.author | Kim, Dong Heon | - |
dc.date.accessioned | 2021-09-08T16:16:18Z | - |
dc.date.available | 2021-09-08T16:16:18Z | - |
dc.date.created | 2021-06-10 | - |
dc.date.issued | 2009-06 | - |
dc.identifier.issn | 0305-9049 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/119847 | - |
dc.description.abstract | This paper investigates the empirical success of the New Keynesian Phillips Curve (NKPC) in explaining US inflation when observed measures of inflation expectations are used in conjunction with the output gap. The paper contributes to the literature by addressing the important problem of serial correlation in the stylized NKPC and developing an extended model to account for this serial correlation. Contrary to recent results indicating no role for the output gap, we find it to be a statistically significant driving variable for inflation, with this finding robust to whether the inflation expectations series used relates to individual consumers, professional forecasters or the US Fed. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | WILEY | - |
dc.subject | MONETARY-POLICY RULES | - |
dc.subject | FORWARD-LOOKING MODELS | - |
dc.subject | MACROECONOMIC STABILITY | - |
dc.subject | GENERALIZED-METHOD | - |
dc.subject | DRIVE INFLATION | - |
dc.subject | INTEREST-RATES | - |
dc.subject | STICKY PRICES | - |
dc.subject | TAYLOR RULE | - |
dc.subject | DYNAMICS | - |
dc.subject | OUTPUT | - |
dc.title | Observed Inflation Forecasts and the New Keynesian Phillips Curve | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Kim, Dong Heon | - |
dc.identifier.doi | 10.1111/j.1468-0084.2009.00544.x | - |
dc.identifier.scopusid | 2-s2.0-63849250534 | - |
dc.identifier.wosid | 000264820000004 | - |
dc.identifier.bibliographicCitation | OXFORD BULLETIN OF ECONOMICS AND STATISTICS, v.71, no.3, pp.375 - 398 | - |
dc.relation.isPartOf | OXFORD BULLETIN OF ECONOMICS AND STATISTICS | - |
dc.citation.title | OXFORD BULLETIN OF ECONOMICS AND STATISTICS | - |
dc.citation.volume | 71 | - |
dc.citation.number | 3 | - |
dc.citation.startPage | 375 | - |
dc.citation.endPage | 398 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalResearchArea | Mathematical Methods In Social Sciences | - |
dc.relation.journalResearchArea | Mathematics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalWebOfScienceCategory | Social Sciences, Mathematical Methods | - |
dc.relation.journalWebOfScienceCategory | Statistics & Probability | - |
dc.subject.keywordPlus | MONETARY-POLICY RULES | - |
dc.subject.keywordPlus | FORWARD-LOOKING MODELS | - |
dc.subject.keywordPlus | MACROECONOMIC STABILITY | - |
dc.subject.keywordPlus | GENERALIZED-METHOD | - |
dc.subject.keywordPlus | DRIVE INFLATION | - |
dc.subject.keywordPlus | INTEREST-RATES | - |
dc.subject.keywordPlus | STICKY PRICES | - |
dc.subject.keywordPlus | TAYLOR RULE | - |
dc.subject.keywordPlus | DYNAMICS | - |
dc.subject.keywordPlus | OUTPUT | - |
dc.subject.keywordAuthor | E31 | - |
dc.subject.keywordAuthor | E58 | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
(02841) 서울특별시 성북구 안암로 14502-3290-1114
COPYRIGHT © 2021 Korea University. All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.