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- W1831444462 abstract "Phillips curves are often estimated without due attention being paid to the underlying time series properties of the data. In particular, the consequences of inflation having discrete breaks in mean have not been studied adequately. We show by means of simulations and a detailed empirical example based on United States data that not taking account of breaks may lead to biased, and therefore spurious, estimates of Phillips curves. We suggest a method to account for the breaks in mean inflation and obtain meaningful and unbiased estimates of the short- and long-run Phillips curves in the United States." @default.
- W1831444462 created "2016-06-24" @default.
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- W1831444462 date "2010-04-01" @default.
- W1831444462 modified "2023-09-27" @default.
- W1831444462 title "A multiple break panel approach to estimating United States Phillips curves" @default.
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