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.
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 |
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