959 resultados para Phillips, Richard, 1766-1817


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UANL

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UANL

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UANL

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In this paper, we use identification-robust methods to assess the empirical adequacy of a New Keynesian Phillips Curve (NKPC) equation. We focus on the Gali and Gertler’s (1999) specification, on both U.S. and Canadian data. Two variants of the model are studied: one based on a rationalexpectations assumption, and a modification to the latter which consists in using survey data on inflation expectations. The results based on these two specifications exhibit sharp differences concerning: (i) identification difficulties, (ii) backward-looking behavior, and (ii) the frequency of price adjustments. Overall, we find that there is some support for the hybrid NKPC for the U.S., whereas the model is not suited to Canada. Our findings underscore the need for employing identificationrobust inference methods in the estimation of expectations-based dynamic macroeconomic relations.

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Mémoire numérisé par la Division de la gestion de documents et des archives de l'Université de Montréal

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Mémoire numérisé par la Division de la gestion de documents et des archives de l'Université de Montréal

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Mémoire numérisé par la Division de la gestion de documents et des archives de l'Université de Montréal

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Réalisé en cotutelle avec l'Université de Paris-Sorbonne (Paris IV).

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The streaming video presentation was created using portions of an oral history taken in 1991. In it Professor Huber discusses his experiences as Dean of Boston College Law School, his opinion on Father Drinan's leadership, and his thoughts on legal education. Despite the time that has passed since it was recorded, it remains a riveting account of Huber's history and association with BC Law. The video runs approximately 50 minutes.