Journal Article10.1080/1540496X.2016.1268527
New Measures for Inflation Uncertainty and Disagreement from Treasury Auctions: Alternative to Surveys
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TL;DR: In this article, the authors propose a methodology to construct new uncertainty and disagreement measures for the long-term inflation rate with the use of micro data of Treasury auctions, which is based on the same approach as in this paper.
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Abstract: In this article, we propose a novel methodology to construct new uncertainty and disagreement measures for the long-term inflation rate with the use of micro data of Treasury auctions. We e...
read more
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Citations
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Meta-Analysis of the New Keynesian Phillips Curve
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TL;DR: In this paper, the weight of the forward-looking behavior in the hybrid New Keynesian Phillips Curve by means of meta regression is analyzed, and it is shown that selected data and method characteristics have significant impact on reported results.
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TL;DR: The New Keynesian Phillips Curve (NKPC) has become an inherent part of modern monetary policy models as mentioned in this paper, derived from micro-founded models with rational expectations, sticky prices, and forward...
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TL;DR: This article explored the possibility that the positive relation between inflation and unemployment may be more than coincidental and pointed out that this relation may be due to the empirical phenomenon of an apparent positive relation.
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