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:||12 Feb 2011|
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- Bhaskara Rao, 2005.
"Estimating Short and Long Run Relationships: A Guide to the Applied Economist,"
- B. Bhaskara Rao, 2007. "Estimating short and long-run relationships: a guide for the applied economist," Applied Economics, Taylor & Francis Journals, vol. 39(13), pages 1613-1625.
- Christopher D Carroll, 2002.
"Macroeconomic Expectations of Households and Professional Forecasters,"
Economics Working Paper Archive
477, The Johns Hopkins University,Department of Economics.
- Christopher D. Carroll, 2003. "Macroeconomic Expectations Of Households And Professional Forecasters," The Quarterly Journal of Economics, MIT Press, vol. 118(1), pages 269-298, February.
- 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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