کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9727387 | 1479812 | 2005 | 20 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The use of real-time information in Phillips-curve relationships for the euro area
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Using OECD panel data for the euro-area countries over 1977-2003, we explore how information available at the time affects the performance of the Phillips curve. We consider forecasts, published by the OECD, as representations of expectations and the use of 'real-time data' for inflation, constructing output gaps and instruments used in estimation. The most important use of real-time information is in using forecasts made at the time to represent expectations; real-time data indicate that the balance of expectations formation was more forward- than backward-looking; revised data suggest less forward-looking and less well-determined behavior.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The North American Journal of Economics and Finance - Volume 16, Issue 3, December 2005, Pages 415-434
Journal: The North American Journal of Economics and Finance - Volume 16, Issue 3, December 2005, Pages 415-434
نویسندگان
Maritta Paloviita, David Mayes,