998 resultados para Phillips, Peter


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Peter Molling (1924-1965) and Andree Mollling born Baer on the occasion of their engagement in Geneva, Switzerland in 1950

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Badly faded picture of Peter Molling, left, and his father, Josef Molling

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left unknown child; right Peter Molling

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This paper studies the comovement between output and inflation in the EU15 countries. Following den Haan (2000), I use the correlations of VAR forecast errors at different horizons in order to analyze the output-inflation relationship. The empirical results show that eight countries display a significant positive comovement between output and inflation. Moreover, the empirical evidence suggests that a Phillips curve phenomenom is more likely to be detected in countries where inflation is more stable.