메뉴 건너뛰기




Volumn 70, Issue 1, 2008, Pages 53-66

Testing the new Keynesian phillips curve through vector utoregressive models: Results from the Euro area

Author keywords

[No Author keywords available]

Indexed keywords


EID: 38149096816     PISSN: 03059049     EISSN: 14680084     Source Type: Journal    
DOI: 10.1111/j.1468-0084.2007.00490.x     Document Type: Article
Times cited : (29)

References (35)
  • 2
    • 27744478218 scopus 로고    scopus 로고
    • 'An open-economy New Keynesian Phillips curve for the U.K.'
    • Batini, N., Jackson, B. Nickell, S. (2005). 'An open-economy New Keynesian Phillips curve for the U.K.', Journal of Monetary Economics, Vol. 52, pp. 1061 1071.
    • (2005) Journal of Monetary Economics , vol.52 , pp. 1061-1071
    • Batini, N.1    Jackson, B.2    Nickell, S.3
  • 4
    • 48749143178 scopus 로고
    • 'Staggered contracts in a utility-maximizing framework'
    • Calvo, G. A. (1983). 'Staggered contracts in a utility-maximizing framework', Journal of Monetary Economics, Vol. 12, pp. 383 398.
    • (1983) Journal of Monetary Economics , vol.12 , pp. 383-398
    • Calvo, G.A.1
  • 5
    • 84936220056 scopus 로고
    • 'Cointegration and tests of present value models'
    • Campbell, J. Y. Shiller, R. J. (1987). 'Cointegration and tests of present value models', Journal of Political Economy, Vol. 95, pp. 1062 1088.
    • (1987) Journal of Political Economy , vol.95 , pp. 1062-1088
    • Campbell, J.Y.1    Shiller, R.J.2
  • 6
    • 0031494132 scopus 로고    scopus 로고
    • 'Is there a unit root in the inflation rate? Evidence from sequential break and panel data models'
    • Culver, S. E. Papell, D. H. (1997). 'Is there a unit root in the inflation rate? Evidence from sequential break and panel data models', Journal of Applied Econometrics, Vol. 12, pp. 435 444.
    • (1997) Journal of Applied Econometrics , vol.12 , pp. 435-444
    • Culver, S.E.1    Papell, D.H.2
  • 8
    • 10344263433 scopus 로고    scopus 로고
    • 'A new approach for estimating and testing the linear quadratic adjustment cost model under rational expectations and I(1) variables'
    • Fanelli, L. (2002). 'A new approach for estimating and testing the linear quadratic adjustment cost model under rational expectations and I(1) variables', Journal of Economic Dynamics and Control, Vol. 26, pp. 117 139.
    • (2002) Journal of Economic Dynamics and Control , vol.26 , pp. 117-139
    • Fanelli, L.1
  • 9
    • 0031534450 scopus 로고    scopus 로고
    • 'The (un)importance of forward-looking behavior in price specifications'
    • Fuhrer, J. C. (1997). 'The (un)importance of forward-looking behavior in price specifications', Journal of Money Credit and Banking, Vol. 29, pp. 338 350.
    • (1997) Journal of Money Credit and Banking , vol.29 , pp. 338-350
    • Fuhrer, J.C.1
  • 11
    • 0033211941 scopus 로고    scopus 로고
    • 'Inflation dynamics: A structural econometric analysis'
    • Galí, J. Gertler, M. (1999). 'Inflation dynamics: a structural econometric analysis', Journal of Monetary Economics, Vol. 44, pp. 195 222.
    • (1999) Journal of Monetary Economics , vol.44 , pp. 195-222
    • Galí, J.1    Gertler, M.2
  • 13
    • 0037763530 scopus 로고    scopus 로고
    • 'Money and inflation in the euro area: A case for monetary indicators?'
    • Gerlach, S. Svensson, L. E. O. (2003). 'Money and inflation in the euro area: a case for monetary indicators?', Journal of Monetary Economics, Vol. 50, pp. 1649 1672.
    • (2003) Journal of Monetary Economics , vol.50 , pp. 1649-1672
    • Gerlach, S.1    Svensson, L.E.O.2
  • 14
    • 0000743923 scopus 로고
    • 'Long memory relationships and the aggregation of dynamic models'
    • Granger, C. W. J. (1980). 'Long memory relationships and the aggregation of dynamic models', Journal of Econometrics, Vol. 14, pp. 227 238.
    • (1980) Journal of Econometrics , vol.14 , pp. 227-238
    • Granger, C.W.J.1
  • 16
    • 4944266209 scopus 로고    scopus 로고
    • 'The econometrics of the New Keynesian policy model: Introduction'
    • Henry, S. G. B. Pagan, A. R. (2004). 'The econometrics of the New Keynesian policy model: introduction', Oxford Bulletin of Economics and Statistics, Vol. 66 (Suppl. pp. 581 607.
    • (2004) Oxford Bulletin of Economics and Statistics , vol.66 , pp. 581-607
    • Henry, S.G.B.1    Pagan, A.R.2
  • 17
    • 0040213044 scopus 로고    scopus 로고
    • 'Aggregate Phillips curves are not always vertical: Heterogeneity and mismatch in multiregion or multisector economies'
    • Hughes Hallet, A. J. (2000). 'Aggregate Phillips curves are not always vertical: heterogeneity and mismatch in multiregion or multisector economies', Macroeconomic Dynamics, Vol. 4, pp. 534 546.
    • (2000) Macroeconomic Dynamics , vol.4 , pp. 534-546
    • Hughes1    Hallet, A.J.2
  • 19
    • 84926976851 scopus 로고    scopus 로고
    • 'Confronting the economic model with the data'
    • in. Colander, D. (. ed. Cambridge University Press, Cambridge, MA, pp.
    • Johansen, S. (2006). 'Confronting the economic model with the data', in Colander D. (ed Post Walrasian Macroeconomics, Cambridge University Press, Cambridge, MA, pp. 287 300.
    • (2006) Post Walrasian Macroeconomics , pp. 287-300
    • Johansen, S.1
  • 20
    • 0003077368 scopus 로고    scopus 로고
    • 'Testing exact rational expectations in cointegrated vector autoregressive models'
    • Johansen, S. Swensen, A. R. (1999). 'Testing exact rational expectations in cointegrated vector autoregressive models', Journal of Econometrics, Vol. 93, pp. 73 91.
    • (1999) Journal of Econometrics , vol.93 , pp. 73-91
    • Johansen, S.1    Swensen, A.R.2
  • 21
    • 33846510301 scopus 로고    scopus 로고
    • 'Maximum likelihood estimation of dynamic stochastic theories with an application to New Keynesian pricing'
    • Kurmann, A. (2006). 'Maximum likelihood estimation of dynamic stochastic theories with an application to New Keynesian pricing', Journal of Economic Dynamics and Control, Vol. 31, pp. 767 796.
    • (2006) Journal of Economic Dynamics and Control , vol.31 , pp. 767-796
    • Kurmann, A.1
  • 22
    • 27744579859 scopus 로고    scopus 로고
    • 'Estimating New Keynesian Phillips curves: A full information maximum likelihood approach'
    • Lindé, J. (2005). 'Estimating New Keynesian Phillips curves: a full information maximum likelihood approach', Journal of Monetary Economics, Vol. 52, pp. 1135 1149.
    • (2005) Journal of Monetary Economics , vol.52 , pp. 1135-1149
    • Lindé, J.1
  • 23
    • 0036867964 scopus 로고    scopus 로고
    • 'Sticky information versus sticky prices: A proposal to replace the New Keynesian Phillips curve'
    • Mankiw, G. N. Reis, R. (2002). 'Sticky information versus sticky prices: a proposal to replace the New Keynesian Phillips curve', Quarterly Journal of Economics, Vol. 117, pp. 1295 1328.
    • (2002) Quarterly Journal of Economics , vol.117 , pp. 1295-1328
    • Mankiw, G.N.1    Reis, R.2
  • 24
    • 4944236423 scopus 로고    scopus 로고
    • 'Weak identification of forward-looking models in monetary economics'
    • Mavroeidis, S. (2004). 'Weak identification of forward-looking models in monetary economics', Oxford Bulletin of Economics and Statistics, Vol. 66 (Suppl. pp. 609 635.
    • (2004) Oxford Bulletin of Economics and Statistics , vol.66 , pp. 609-635
    • Mavroeidis, S.1
  • 25
    • 22544474667 scopus 로고    scopus 로고
    • 'Identification issues in forward-looking models estimated by GMM, with an application to the Phillips curve'
    • Mavroeidis, S. (2005). 'Identification issues in forward-looking models estimated by GMM, with an application to the Phillips curve', Journal of Money Credit and Banking, Vol. 37, pp. 421 448.
    • (2005) Journal of Money Credit and Banking , vol.37 , pp. 421-448
    • Mavroeidis, S.1
  • 26
    • 31544462063 scopus 로고    scopus 로고
    • 'Has euro-area inflation persistence changed over time?'
    • O'Reilly, G. Whelan, K. (2005). 'Has euro-area inflation persistence changed over time?', Review of Economics and Statistics, Vol. 87, pp. 709 720.
    • (2005) Review of Economics and Statistics , vol.87 , pp. 709-720
    • O'Reilly, G.1    Whelan, K.2
  • 27
    • 38149032649 scopus 로고    scopus 로고
    • Working Paper No. 2003/33, Universitá dell'Insubria, Varese.
    • Paruolo, P. (2003). Common Dynamics in I(1) Systems, Working Paper No. 2003/33, Universitá dell'Insubria, Varese.
    • (2003) Common Dynamics in I(1) Systems
    • Paruolo, P.1
  • 30
    • 21844516451 scopus 로고
    • 'New Keynesian economics and the Phillips curve'
    • Roberts, J. M. (1995). 'New Keynesian economics and the Phillips curve', Journal of Money, Credit, and Banking, Vol. 27, pp. 975 984.
    • (1995) Journal of Money, Credit, and Banking , vol.27 , pp. 975-984
    • Roberts, J.M.1
  • 31
    • 0000292830 scopus 로고
    • 'Sticky prices in the United States'
    • Rotemberg, J. J. (1982). 'Sticky prices in the United States', Journal of Political Economy, Vol. 60, pp. 1187 1211.
    • (1982) Journal of Political Economy , vol.60 , pp. 1187-1211
    • Rotemberg, J.J.1
  • 32
    • 33645735702 scopus 로고    scopus 로고
    • 'Can rational expectations sticky-price models explain inflation dynamics?'
    • Ruud, J. Whelan, K. (2006). 'Can rational expectations sticky-price models explain inflation dynamics?', American Economic Review, Vol. 96, pp. 303 320.
    • (2006) American Economic Review , vol.96 , pp. 303-320
    • Ruud, J.1    Whelan, K.2
  • 33
    • 49249142839 scopus 로고
    • 'A note on the maximum likelihood estimation of the rational expectations model of the term structure'
    • Sargent, T. J. (1979). 'A note on the maximum likelihood estimation of the rational expectations model of the term structure', Journal of Monetary Economics, Vol. 5, pp. 133 143.
    • (1979) Journal of Monetary Economics , vol.5 , pp. 133-143
    • Sargent, T.J.1
  • 34
    • 27744490018 scopus 로고    scopus 로고
    • 'Do expected future marginal costs drive inflation dynamics?'
    • Sbordone, A. M. (2005). 'Do expected future marginal costs drive inflation dynamics?', Journal of Monetary Economics, Vol. 52, pp. 1183 1197.
    • (2005) Journal of Monetary Economics , vol.52 , pp. 1183-1197
    • Sbordone, A.M.1
  • 35
    • 84959776155 scopus 로고
    • 'Staggered contracts in a macro model'
    • Taylor, J. B. (1979). 'Staggered contracts in a macro model', American Economic Review, Vol. 69, pp. 108 113.
    • (1979) American Economic Review , vol.69 , pp. 108-113
    • Taylor, J.B.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.