A simple test of the New Keynesian Phillips Curve

被引：7

作者：

Carriero, Andrea ^{[1
]}

机构：

[1] Queen Mary Univ London, Dept Econ, London E1 4NS, England

来源：

ECONOMICS LETTERS | 2008年 / 100卷 / 02期

关键词：

VARs; inflation; Phillips Curve;

D O I：

10.1016/j.econlet.2008.02.012

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We propose a way to test the New Keynesian Phillips Curve without having to estimate its structural parameters. We find that it does not exist as a combination of the structural parameters consistent with the US data. This might be due to the failure of the joint hypothesis of rational expectations. (C) 2008 Elsevier B.V. All rights reserved.

引用

收藏

页码：241 / 244

页数：4

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