English, Article, Journal or magazine article edition: Is there a Phillips Curve in the US and the EU15 Countries? An empirical investigatio. Jesús Vazquez

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Bookmark: http://trove.nla.gov.au/version/183272
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Is there a Phillips Curve in the US and the EU15 Countries? An empirical investigatio.
Author
  • Jesús Vazquez
Physical Description
  • preprint
Notes
  • This paper studies the comovement between output and inflation in the EU15 countries. Following den Haan (2000), I use the correlations of VAR forecast errors at different horizons in order to analyze the output-inflation relationship. The empirical results show that eight countries display a significant positive comovement between output and inflation. Moreover, the empirical evidence suggests that a Phillips curve phenomenom is more likely to be detected in countries where inflation is more stable.
  • comovement of output and inflation, VAR forecast errors
  • RePEc:ehu:dfaeii:200232
Language
  • English
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