This paper provides a comprehensive analysis of the functional form of the euro area Phillips curve over the past three decades. In particular, compared to previous literature we analyse the stability of the relationship in detail, especially as regards the possibility of a time-varying mean of inflation. More-over, we conduct a sensitivity analysis across different measures of economic slack. Our main findings are two. First, there is strong evidence of time variation in the mean and slope of the Phillips curve occurring in the early to mid 1980s, but not in inflation persistence once the mean shift is allowed for. As a result of the structural change, the Phillips curve became flatter around a lower mean of inflation. Second, we find no s...
This thesis investigates the cause and implications of the divergent inflationrates of the EMU-12 co...
We test the hypothesis that the long-term Phillips curve is downward sloping and has become flatter ...
This thesis investigates the cause and implications of the divergent inflationrates of the EMU-12 co...
textabstractThis paper provides a comprehensive analysis of the functional form of the euro-area Phi...
This paper provides a comprehensive analysis of the func-tional form of the euro-area Phillips curve...
This paper provides a comprehensive analysis of the functional form of the euro area Phillips curve ...
To determine whether the sensitivity of inflation to changes in the business cycle varies over time,...
This paper analyzes the stability over time of the econometric process for Euro-area inflation since...
This paper analyzes the stability over time of the econometric process for euro-area inflation since...
This note investigates how the explanatory power of the forward-looking New Keynesian Phillips Curve...
We estimate the Phillips curve for the euro area and its five largest economies over 1985-2017 using...
This paper presents new tests and estimates of the Phillips trade-off in the Euro Area, carried out ...
This paper presents new tests and estimates of the Phillips trade-off in the Euro Area, carried out ...
We study whether the trade-off between inflation and unemployment still exists in the euro area (EA)...
There is no a priori reason to suppose that price-setting behaviour is homogeneous across sectors an...
This thesis investigates the cause and implications of the divergent inflationrates of the EMU-12 co...
We test the hypothesis that the long-term Phillips curve is downward sloping and has become flatter ...
This thesis investigates the cause and implications of the divergent inflationrates of the EMU-12 co...
textabstractThis paper provides a comprehensive analysis of the functional form of the euro-area Phi...
This paper provides a comprehensive analysis of the func-tional form of the euro-area Phillips curve...
This paper provides a comprehensive analysis of the functional form of the euro area Phillips curve ...
To determine whether the sensitivity of inflation to changes in the business cycle varies over time,...
This paper analyzes the stability over time of the econometric process for Euro-area inflation since...
This paper analyzes the stability over time of the econometric process for euro-area inflation since...
This note investigates how the explanatory power of the forward-looking New Keynesian Phillips Curve...
We estimate the Phillips curve for the euro area and its five largest economies over 1985-2017 using...
This paper presents new tests and estimates of the Phillips trade-off in the Euro Area, carried out ...
This paper presents new tests and estimates of the Phillips trade-off in the Euro Area, carried out ...
We study whether the trade-off between inflation and unemployment still exists in the euro area (EA)...
There is no a priori reason to suppose that price-setting behaviour is homogeneous across sectors an...
This thesis investigates the cause and implications of the divergent inflationrates of the EMU-12 co...
We test the hypothesis that the long-term Phillips curve is downward sloping and has become flatter ...
This thesis investigates the cause and implications of the divergent inflationrates of the EMU-12 co...