The asymmetry of the New Keynesian Phillips Curve in the euro-area

Description

No / Using a two-stage quantile regression framework, we uncover significant asymmetries across quantiles for all coefficients in an otherwise standard New Keynesian Phillips Curve (NKPC) for the euro area. A pure NKPC specification accurately captures inflation dynamics at high inflation quantiles.

Links & Downloads

1. Chortareas, G., Magkonis, George, Panagiotidis, Theodore (2012) The asymmetry of the New Keynesian Phillips Curve in the euro-area. Economics Letters, 114 (2), 161-163.
2. http://hdl.handle.net/10454/5913
3. https://doi.org/10.1016/j.econlet.2011.09.035

Tags

REF 2014

New Keynesian Phillips Curve

Quantile regression

Euro-area

Asymmetries

Additional Fields

Identifer	oai:union.ndltd.org:BRADFORD/oai:bradscholars.brad.ac.uk:10454/5913
Date	January 2012
Creators	Chortareas, G., Magkonis, Georgios, Panagiotidis, T.
Source Sets	Bradford Scholars
Detected Language	English
Type	Article, No full-text in the repository