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Testing for a Common OECD Phillips Curve

Author: Dave Turner; Elena Seghezza
Publisher: Paris : OECD Publishing, 1999.
Series: Working papers (Organisation for Economic Co-operation and Development. Economics Department), no. 219.
Edition/Format:   Downloadable article : Document : International government publication   Computer File : English
Summary:
This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order to impose common parameters across countries where such restrictions are consistent with the data. A striking feature of  Read more...
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Material Type: Document, Government publication, International government publication
Document Type: Article, Computer File
All Authors / Contributors: Dave Turner; Elena Seghezza
OCLC Number: 123345964
Description: 24 pages ; 21 x 29.7 cm.
Series Title: Working papers (Organisation for Economic Co-operation and Development. Economics Department), no. 219.
Responsibility: Dave Turner and Elena Seghezza.

Abstract:

This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order to impose common parameters across countries where such restrictions are consistent with the data. A striking feature of the results is that most of the countries accept a common sacrifice ratio ...

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