Please use this identifier to cite or link to this item:
https://repositorio.ipea.gov.br/handle/11058/8169
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Maka, Alexis | - |
dc.contributor.author | Barbosa Filho, Fernando de Holanda | - |
dc.coverage.spatial | Estados Unidos | pt_BR |
dc.coverage.temporal | 1985-2007 | pt_BR |
dc.date.accessioned | 2017-11-27T19:08:47Z | - |
dc.date.available | 2017-11-27T19:08:47Z | - |
dc.date.issued | 2017-11 | - |
dc.identifier.uri | http://repositorio.ipea.gov.br/handle/11058/8169 | - |
dc.description.abstract | This paper contrasts empirically four leading models of inflation dynamics – the accelerationist Phillips curve (APC), new Keynesian Phillips curve (NKPC), hybrid Phillips curve (HPC) and sticky information Phillips curve (SIPC). We employ an encompassing Phillips curve specification that allows us to derive tests for these models within a single framework. Using the generalized method of moments (GMM) estimator, the evidence suggests that the restrictions implied by the NKPC, HPC, and SIPC are rejected for the U.S. during the Great Moderation. Only the restrictions implied by the APC are not rejected. When we use methods that are robust to the issue of weak instruments in GMM, the confidence regions are so wide that it is not possible to reject any models’ restrictions, meaning that the evidence is consistent with all four models of inflation dynamics. | pt_BR |
dc.language.iso | en-US | pt_BR |
dc.publisher | Instituto de Pesquisa Econômica Aplicada (Ipea) | pt_BR |
dc.title | Inflation expectations and the Phillips Curve : an encompassing framework | pt_BR |
dc.title.alternative | Discussion Paper 230 : Inflation expectations and the Phillips Curve an encompassing framework | pt_BR |
dc.title.alternative | Expectativas de inflação e Curva de Phillips : um quadro estrutural | pt_BR |
dc.type | Discussion Paper | pt_BR |
dc.rights.holder | Instituto de Pesquisa Econômica Aplicada (Ipea) | pt_BR |
dc.source.urlsource | http://www.ipea.gov.br | pt_BR |
dc.location.country | BR | pt_BR |
dc.description.physical | 26 p. : il. | pt_BR |
dc.subject.vcipea | IPEA::Finanças Públicas. Bancos. Relações Monetárias Internacionais::Moedas. Financiamento::Dinheiro::Inflação | pt_BR |
dc.subject.vcipea | IPEA::Finanças Públicas. Bancos. Relações Monetárias Internacionais::Moedas. Financiamento::Dinheiro::Política Monetária | pt_BR |
dc.rights.license | Reproduction of this text and the data it contains is allowed as long as the source is cited. Reproductions for commercial purposes are prohibited | pt_BR |
dc.subject.keyword | Phillips curves | pt_BR |
dc.subject.keyword | Weak instruments | pt_BR |
dc.subject.keyword | Fully robust confidence regions | pt_BR |
ipea.description.objective | Contrastar, empiricamente, quatro modelos de dinâmica de inflação: Curva de Phillips de aceleração (APC); a nova curva Keynesiana Phillips (NKPC); curva de Phillips híbrida (HPC); e a curva Phillips de informação (SIPC). | pt_BR |
ipea.description.methodology | Método Generalizado dos Momentos (Generalized Method of Moments - GMM) | pt_BR |
ipea.description.additionalinformation | Série monográfica: Discussion Paper ; 230 | pt_BR |
ipea.description.additionalinformation | Possui referências bibliográficas | pt_BR |
ipea.description.additionalinformation | Possui apêndice | pt_BR |
ipea.access.type | Acesso Aberto | pt_BR |
ipea.rights.type | Licença Comum | pt_BR |
ipea.researchfields | N/A | pt_BR |
ipea.classification | Economia. Desenvolvimento Econômico | pt_BR |
ipea.classification | Sistema Monetário. Finanças. Bancos | pt_BR |
Appears in Collections: | Economia. Desenvolvimento Econômico: Livros Sistema Monetário. Finanças. Bancos: Livros |
Files in This Item:
File | Description | Size | Format | |
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DiscussionPaper_230.pdf | 2.45 MB | Adobe PDF | View/Open | |
DiscussionPaper_230_sumex.pdf | 119.69 kB | Adobe PDF | View/Open |
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