The meta-Phillips Curve: modelling U.S. inflation in the presence of regime change

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The meta-Phillips Curve: modelling U.S. inflation in the presence of regime change

A novel approach to modelling inflation dynamics is presented based on a set of Hybrid New-Keynesian Phillips Curves, distinguished by the regime duration and measures of real marginal cost, and combined into a meta-Phillips Curve using model averaging techniques. The analysis of US data over 1950q1...

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Bibliographic Details
Main Author:	Aristidou, Chrystalleni
Format:	Article
Published:	Elsevier 2018
Subjects:	Inflation; Hybrid New Keynesian Phillips Curve; Model averaging; Structural breaks
Online Access:	https://eprints.nottingham.ac.uk/52837/

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