Estimates of the Sticky-Information Phillips Curve for the USA with the General to Specific Method

Paradiso, Antonio and Rao, B. Bhaskara and Ventura, Marco (2011): Estimates of the Sticky-Information Phillips Curve for the USA with the General to Specific Method.

Abstract

This paper tests for the time series properties of the variables in the sticky information Phillips curve and estimates it for the US with the general to specific method (GETS). Our results show that the estimates of the stickiness parameter range from 0.25 to 0.42.

• Item Type: MPRA Paper
• Language: English
• Keywords: Sticky information Phillips curve, General to specific method, Stickiness parameter
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles

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