Browsing Arbeidsnotater / Working Papers by Subject "Phillips curve"
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Forecasting Inflation with an Uncertain Output Gap
(Working Papers;2/2006, Working paper, 2006)The output gap is a crucial concept in the monetary policy framework, indicating demand pressure that generates inflation. However, its definition and estimation raise a number of theoretical and empirical questions. This ... -
How New Keynesian Is the US Phillips Curve?
(Working Papers;25/2013, Working paper, 2013)I provide a generalization of Calvo price setting, to include non-overlapping contracts as a special case and embed this in a small DSGE model. The resulting Generalized Phillips Curve (GPC) nests New-Keynesian and ... -
Testing Steady-State Implications for the NAIRU
(Working Papers;3/2000, Working paper, 2000)Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price ...