Article ID Journal Published Year Pages File Type
5055374 Economic Modelling 2011 7 Pages PDF
Abstract
► We model dynamic interactions among inflation, money, and real output in China. ► We estimate output gap with the multivariate Beveridge-Nelson decomposition method. ► The new output gap measure fits the New Keynesian Phillips very well. ► The new output gap measure is likely to be superior in general in the NKPC model.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Output gap measurement and the New Keynesian Phillips curve for China
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