Testing The New Keynesian Phillips Curve
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Testing the New Keynesian Phillips Curve
Author | : Gunnar Bårdsen |
Publisher | : |
Total Pages | : 38 |
Release | : 2002 |
Genre | : |
ISBN | : 9788275531955 |
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We propose a new test of the forward-looking Phillips curve for a panel of 10 OECD countries. Structural parameter estimates are obtained using an extremum esti
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In this paper we set out a test of the New Keynesian Phillips Curve (NKPC) based on Vector Autoregressive (VAR) models. The proposed technique does not rely on