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Inventory Investment and the Empirical Phillips Curve

✍ Scribed by JUNG, YONGSEUNG; YUN, TACK


Book ID
119855783
Publisher
John Wiley and Sons
Year
2013
Tongue
English
Weight
647 KB
Volume
45
Category
Article
ISSN
0022-2879

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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