Did the Global Financial Crisis Break the U S Phillips Curve is popular PDF and ePub book, written by Stefan Laseen in 2016-09-07, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Did the Global Financial Crisis Break the U S Phillips Curve can be Read Online from any device for your convenience.
Did the Global Financial Crisis Break the U S Phillips Curve Book PDF Summary
Inflation dynamics, as well as its interaction with unemployment, have been puzzling since the Global Financial Crisis (GFC). In this empirical paper, we use multivariate, possibly time-varying, time-series models and show that changes in shocks are a more salient feature of the data than changes in coefficients. Hence, the GFC did not break the Phillips curve. By estimating variations of a regime-switching model, we show that allowing for regime switching solely in coefficients of the policy rule would maximize the fit. Additionally, using a data-rich reduced-form model we compute conditional forecast scenarios. We show that financial and external variables have the highest forecasting power for inflation and unemployment, post-GFC.
Detail Book of Did the Global Financial Crisis Break the U S Phillips Curve PDF
- Author : Stefan Laseen
- Release : 07 September 2016
- Publisher : International Monetary Fund
- ISBN : 9781475533842
- Genre : Business & Economics
- Total Page : 42 pages
- Language : English
- PDF File Size : 17,5 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Did the Global Financial Crisis Break the U S Phillips Curve by Stefan Laseen, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.