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- W1497674417 abstract "This paper examines the Phillips curve relationship when the second moment of inflation is nonlinear. Specifically, we estimate GARCH models that provide evidence consistent with Keynesian-type models that imply output overshooting and inflation fluctuations following aggregate demand shocks. Additionally, the evidence suggests that an increase in the conditional variability of inflation leads to higher levels of inflation." @default.
- W1497674417 created "2016-06-24" @default.
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- W1497674417 date "2008-08-14" @default.
- W1497674417 modified "2023-09-24" @default.
- W1497674417 title "Modeling the Philips Curve: A Time-Varying Volatility Approach" @default.
- W1497674417 hasPublicationYear "2008" @default.
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