In this paper we apply GMM estimation to assess the relevance of domestic versus external determinants of CPI inflation dynamics in a sample of OECD countries typically classified as open economies. The analysis is based on a variant of the small open-economy New Keynesian Phillips Curve derived in Galí and Monacelli (Rev Econ Stud 72:707–734, 2005), where the novel feature is that expectations about fluctuations in the terms of trade enter explicitly. For most countries in our sample the expected relative change in the terms of trade emerges as the more relevant inflation driver than the contemporaneous domestic output gap
Abstract: The New Keynesian Phillips Curve (NKPC) has become the benchmark model for understanding ...
The Paper derives an open economy New-Keynesian Phillips curve. The Phillips curve depends on growth...
This paper shows the way how persistent world inflation shocks hitting a small open economy can re-w...
This paper applies GMM estimation to assess empirically the small open-economy New Keynesian Phillip...
New Keynesian Phillips Curve, Small open economies, Expected terms of trade fluctuations, Inflation ...
This study estimates the new Keynesian Phillips curve (NKPC) ofGali and Monacelli for a small open e...
This paper presents a comprehensive review of the newly emerging literature on the New Keynesian Phi...
The paper seeks to shed light on inflation dynamics of four new EU member states: the Czech Republic...
We review the main identification strategies and empirical evidence on the role of expectations in t...
A general equilibrium model of a small open economy is developed to analyse the optimal rate of infl...
In this thesis I estimate different versions of the New Keynesian Phillips curve as a part of a stan...
We present a unique empirical analysis of the properties of the New Keynesian Phillips Curve using a...
The dynamic properties of the The New Keynesian Phillips curve (NPC) is analysed within the framewor...
The NKPC has become popular as a theory for understanding the inflation dynamics and become a popula...
Phillips curves are central to discussions of inflation dynamics and monetary policy. New Keynesian ...
Abstract: The New Keynesian Phillips Curve (NKPC) has become the benchmark model for understanding ...
The Paper derives an open economy New-Keynesian Phillips curve. The Phillips curve depends on growth...
This paper shows the way how persistent world inflation shocks hitting a small open economy can re-w...
This paper applies GMM estimation to assess empirically the small open-economy New Keynesian Phillip...
New Keynesian Phillips Curve, Small open economies, Expected terms of trade fluctuations, Inflation ...
This study estimates the new Keynesian Phillips curve (NKPC) ofGali and Monacelli for a small open e...
This paper presents a comprehensive review of the newly emerging literature on the New Keynesian Phi...
The paper seeks to shed light on inflation dynamics of four new EU member states: the Czech Republic...
We review the main identification strategies and empirical evidence on the role of expectations in t...
A general equilibrium model of a small open economy is developed to analyse the optimal rate of infl...
In this thesis I estimate different versions of the New Keynesian Phillips curve as a part of a stan...
We present a unique empirical analysis of the properties of the New Keynesian Phillips Curve using a...
The dynamic properties of the The New Keynesian Phillips curve (NPC) is analysed within the framewor...
The NKPC has become popular as a theory for understanding the inflation dynamics and become a popula...
Phillips curves are central to discussions of inflation dynamics and monetary policy. New Keynesian ...
Abstract: The New Keynesian Phillips Curve (NKPC) has become the benchmark model for understanding ...
The Paper derives an open economy New-Keynesian Phillips curve. The Phillips curve depends on growth...
This paper shows the way how persistent world inflation shocks hitting a small open economy can re-w...