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Expectations and the phillips curve: An ex-ante approach

✍ Scribed by Daniel T. Walz; Roger W. Spencer


Book ID
112730858
Publisher
Springer US
Year
1986
Tongue
English
Weight
420 KB
Volume
14
Category
Article
ISSN
0197-4254

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Expectation horizon and the Phillips Cur
✍ Jaejoon Lee; Charles R. Nelson πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 192 KB

## Abstract Estimates of the slope of the Phillips curve reported in the literature cover a range from roughly βˆ’ 0.6 to zero depending on specification. Forward‐looking specifications, favored by theory, produce the smallest slope estimates. This paper addresses this puzzle by studying the bivariat