Estimates of the Sticky-Information Phillips Curve for the USA with the General to Specific Method
This paper tests for the time series properties of the variables in the sticky information Phillips curve and estimates it for the US with the general to specific method (GETS). Our results show that the estimates of the stickiness parameter range from 0.25 to 0.42.
|Date of creation:||2011/02/12|
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- Christopher D. Carroll, 2003. "Macroeconomic Expectations of Households and Professional Forecasters," The Quarterly Journal of Economics, Oxford University Press, vol. 118(1), pages 269-298.
- N. Gregory Mankiw & Ricardo Reis, 2001.
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- B. Bhaskara Rao, 2007.
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- Bhaskara Rao, 2005. "Estimating Short and Long Run Relationships: A Guide to the Applied Economist," Econometrics 0508013, EconWPA.
- Khan, Hashmat & Zhu, Zhenhua, 2006. "Estimates of the Sticky-Information Phillips Curve for the United States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(1), pages 195-207, February.
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