Phillips Curve, spectral regression, time series analysis.

Randall J. Verbrugge.

Richard A. Ashley

English

Research Papers in Economics

46Mis-speciﬁcation in Phillips Curve regressions

47Mis-speciﬁcation in Phillips Curve regressions Geweke,

48Mis-speciﬁcation in Phillips Curve regressions Potter, Simon

49Mis-speciﬁcation in Phillips Curve regressions

A Simple Test for Regression Parameter

A statistical relationship between unemployment and price changes.”

and Camille Lampart (1998a) “The Decomposition of Economic Relationships by Time Scale Using Wavelets:

and Camille Lampart (1998b) “The Decomposition of Economic Relationships by Time Scale Using Wavelets:

and Randal Verbrugge (2005a) “Frequency Dependence in Regression Model Coeﬃcients: An Alternative Approach for Modeling Nonlinear Dynamic Relationships in Time Series.” Mimeo,

and Randal Verbrugge (2005b) “Frequency dependence in a New Keynesian Phillips curve.” Mimeo,

Business Cycle Fluctuations in U.S.

Can Rational Expectations Sticky-Price Models Explain Inﬂation Dynamics?”

Comment on ‘Rethinking the role of the NAIRU in monetary policy: implications of model formulation and uncertainty.’ ”

Computation and analysis of multiple structural-change models.”

Consumer Price Index research series using current methods, 1978-98.” Monthly Labor Review,

Detection and Modeling of Regression Parameter Variation Across Frequencies With an Application to Testing the Permanent Income Hypothesis.”

Dynamic Equilibrium Economies: A Framework for Comparing Models and Data,”

Estimating and testing linear models with multiple structural changes.”

Estimating multiple breaks one at a time.”

Forecasting Inﬂation.”

Foundations of the Goldilocks economy: supply shocks and the timevarying NAIRU.”

Inﬂation and Unemployment in the New Economy: Is the Trade-oﬀ Dead or Alive?”

Inﬂation dynamics: a structural econometric analysis.”

Is the Phillips curve a curve? Some evidence and implications for Australia.” Reserve Bank of Australia Research Discussion Paper

Linear regression in the frequency domain.”

Measuring American rents: a revisionist history.” Manuscript, Federal Reserve Bank of Philadelphia.

Measuring business cycles: approximate band-pass ﬁlters for economic time series.”

Modelling Inﬂation Dynamics: A Critical Review of Recent Research.” Finance and Economics Discussion Series 2005-66, Federal Reserve Board.

Modelling, Forecasting and Seasonally Adjusting Economic Time Series with the X11

Money-wage dynamics and labor market equilibrium.”

On Low-Frequency Estimates of Long Run Relationships in

On the Inherent Nonlinearity of Frequency Dependent Time Series Relationships.”

Phillips curves, expectations of inﬂation, and optimal unemployment over time.”

Postwar US business cycles: an empirical investigation.”

Prices, wages and the US NAIRU in the 1990s.” in

Real exchange rates and real interest diﬀerentials: have we missed the business cycle relationship?”

Regression for Time Series.”

Some Comparisons of Tests for a Shift in the Slopes of a Multivariate Linear Time Series Model.”

Spectral Regression for Cointegrated Time Series.”

Structural breaks in inﬂation dynamics.”

Techniques for testing the constancy of regression relationships over time.”

Temporal instability of the unemploymentinﬂation relationship.”

Testing Price Equations for Stability Across Spectral Frequency Bands.”

Tests of Equality between Sets of Coeﬃcients in Two Linear Regressions.”

The Economy is Booming. So Why are Economists Glum?” The Wall Street Journal,

The Eﬀects of Inside and Outside Money on Industrial Product Across Spectral Frequency Bands.” The Review of

The Eﬀects of Money Growth on Inﬂation Rates across Spectral Frequency Bands.”

The NAIRU in theory and practice.”

The NAIRU, unemployment, and monetary policy.”

The Phillips curve is alive and well.” New England Economic Review of the Federal Reserve Bank of Boston,

The role of monetary policy.”

The time-varying NAIRU and its implications for economic policy.”

To diﬀerence or not to diﬀerence: a Monte Carlo investigation of spurious regressions in VARs.” Mimeo,

What happened to the Phillips Curve in the 1990s in Canada?” Price Stability and the Long Term Target of Monetary Policy. Bank of Canada,

What’s happened to the Phillips curve?” Mimeo, Federal Reserve Board.

Mis-Specification in Phillips Curve Regressions: Quantifying Frequency Dependence in This Relationship While Allowing for Feedback.

http://ashleymac.econ.vt.edu/working_papers/ashley_verbrugge.pdf

Mis-Specification in Phillips Curve Regressions: Quantifying Frequency Dependence in This Relationship While Allowing for Feedback.

Abstract

Similar works

Full text

Available Versions

Research Papers in Economics