Testing for a Common OECD Phillips Curve [E-Book] / Dave Turner and Elena Seghezza
This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order to i...
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Full text |
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Personal Name(s): | Turner, Dave. |
Seghezza, Elena. | |
Imprint: |
Paris :
OECD Publishing,
1999
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Physical Description: |
24 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/340107434541 |
Series Title: |
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OECD Economics Department Working Papers ;
219 |
Keywords: |
Economics |
This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order to impose common parameters across countries where such restrictions are consistent with the data. A striking feature of the results is that most of the countries accept a common sacrifice ratio ... |