English, Article edition: EMPIRICAL TESTING OF NEW KEYNESIAN PHILLIPS CURVE IN CONDITIONS OF THE CZECH REPUBLIC IN 1994 - 2003 Josef Arlt; Miroslav Plašil

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/197646
Physical Description
  • article
Language
  • English

Edition details

Title
  • EMPIRICAL TESTING OF NEW KEYNESIAN PHILLIPS CURVE IN CONDITIONS OF THE CZECH REPUBLIC IN 1994 - 2003
Author
  • Josef Arlt
  • Miroslav Plašil
Physical Description
  • article
Notes
  • New concepts have been presented in modelling of inflation dynamics recently, among others the new Keynesian Phillips curve (NKPC). There are several traditional ways of NKPC model validity testing, but none of them seems to be practically applicable in conditions of the Czech Republic. We tried to test the validity of NKPC on the basis of time series. For this purpose we applied an interesting non-traditional method proposed by Demery and Duck. This method does not rely on direct estimation of NKPC parameters, but relatively easy tests based on the cointegration analysis of time series are employed. Its application indicates that the NKPC model cannot be considered as effective in conditions of the Czech Republic; this model does not describe the inflation process sufficiently and it is not a suitable model for inflation prediction or for the choice of appropriate monetary (anti-inflation) policy.
  • time series, new Keynesian Phillips curve, model, inflation, cointegration analysis
  • RePEc:prg:jnlpep:v:2005:y:2005:i:2:id:257:p:117-129
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment