Hide metadata

dc.date.accessioned2013-03-12T09:52:29Z
dc.date.available2013-03-12T09:52:29Z
dc.date.issued2002en_US
dc.date.submitted2004-12-10en_US
dc.identifier.urihttp://hdl.handle.net/10852/17163
dc.description.abstractThe dynamic properties of the The New Keynesian Phillips curve (NPC) is analysed within the framework of a small system of linear difference equations. We evaluate the empirical results of existing studies which uses ‘Euroland’ and US data. The debate has been centered around the goodness-of-fit, but this is a weak criterion since the NPC-fit is typically well approximated by purely statistical models (e.g., a random walk). Several other parametric tests are then considered, and the importance of modelling a system that includes the forcing variables as well as the rate of inflation is emphasized. We also highlight the role of existing studies in providing new information relative to that which underlies the typical NPC. This encompassing approach is applied to open economy versions of the NPC for UK and Norway.nor
dc.language.isoengen_US
dc.publisherUniversitetet i Oslo, Økonomisk institutt
dc.relation.ispartofMemorandum fra Økonomisk institutt, Universitetet i Oslo http://urn.nb.no/URN:NBN:no-7118en_US
dc.relation.urihttp://urn.nb.no/URN:NBN:no-7118
dc.subjectnykeynesiansk phillipskurve pengepolitikk inflasjonsevalueringen_US
dc.titleTesting the New Keynesian Phillips curveen_US
dc.typeWorking paperen_US
dc.date.updated2012-09-14en_US
dc.creator.authorBårdsen, Gunnaren_US
dc.creator.authorJansen, Eilev S.en_US
dc.creator.authorNymoen, Ragnaren_US
dc.subject.nsiVDP::210en_US
dc.identifier.urnURN:NBN:no-10089en_US
dc.type.documentArbeidsnotaten_US
dc.identifier.duo23138en_US
dc.identifier.bibsys042414989en_US
dc.identifier.fulltextFulltext https://www.duo.uio.no/bitstream/handle/10852/17163/1/memo1802.pdf


Files in this item

Appears in the following Collection

Hide metadata