The Long-Run Phillips Curve: A Structural VAR Investigation
| Data(s) |
2015
|
|---|---|
| Resumo |
Both cointegration methods, and non-cointegrated structural VARs identified based on either long-run restrictions, or a combination of long-run and sign restrictions, are used in order to explore the long-run trade-off between inflation and the unemployment rate in the post-WWII U.S., U.K., Euro area, Canada, and Australia. Overall, neither approach produces clear evidence of a non-vertical trade-off. The extent of uncertainty surrounding the estimates is however substantial, thus implying that a researcher holding alternative priors about what a reasonable slope of the long-run trade-off might be will likely not see her views falsified |
| Formato |
application/pdf |
| Identificador |
http://boris.unibe.ch/82119/1/1-s2.0-S0304393215000793-main.pdf Benati, Luca (2015). The Long-Run Phillips Curve: A Structural VAR Investigation. Journal of monetary economics, 76, pp. 15-28. Elsevier 10.1016/j.jmoneco.2015.06.007 <http://dx.doi.org/10.1016/j.jmoneco.2015.06.007> doi:10.7892/boris.82119 info:doi:doi:10.1016/j.jmoneco.2015.06.007 urn:issn:0304-3932 |
| Idioma(s) |
eng |
| Publicador |
Elsevier |
| Relação |
http://boris.unibe.ch/82119/ |
| Direitos |
info:eu-repo/semantics/restrictedAccess |
| Fonte |
Benati, Luca (2015). The Long-Run Phillips Curve: A Structural VAR Investigation. Journal of monetary economics, 76, pp. 15-28. Elsevier 10.1016/j.jmoneco.2015.06.007 <http://dx.doi.org/10.1016/j.jmoneco.2015.06.007> |
| Palavras-Chave | #330 Economics |
| Tipo |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion PeerReviewed |
