2005, English, Article, Report edition: Do expected future marginal costs drive inflation dynamics? [electronic resource] / Argia M. Sbordone. Sbordone, A. M. (Argia M.)

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Bookmark: http://trove.nla.gov.au/version/36705884
Published
  • [New York, N.Y.] : Federal Reserve Bank of New York, [2005]
Language
  • English

Edition details

Title
  • Do expected future marginal costs drive inflation dynamics? /​ Argia M. Sbordone.
Author
  • Sbordone, A. M. (Argia M.)
Other Authors
  • Federal Reserve Bank of New York.
Published
  • [New York, N.Y.] : Federal Reserve Bank of New York, [2005]
Medium
  • [electronic resource]
Series
Subjects
Summary
  • "This article discusses a more general interpretation of the two-step minimum distance estimation procedure proposed in earlier work by Sbordone. The estimator is again applied to a version of the New Keynesian Phillips curve, in which inflation dynamics are driven by the expected evolution of marginal costs. The article clarifies econometric issues, addresses concerns about uncertainty and model misspecification raised in recent studies, and assesses the robustness of previous results. While confirming the importance of forward-looking terms in accounting for inflation dynamics, it suggests how the methodology can be applied to extend the analysis of inflation to a multivariate setting"--Federal Reserve Bank of New York web site.
Notes
  • Title from PDF file as viewed on 3/​23/​2005.
  • Includes bibliographical references.
Technical Details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: World Wide Web
Language
  • English
Libraries Australia ID
Contributed by
Libraries Australia

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