Browsing by Subject "Autoregression (Statistics)"

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Does labor's share drive inflation?

Rudd, Jeremy ; Whelan, Karl (Blackwell - published on behalf of The Ohio State University, 2005-04)

A number of researchers have recently argued that the new-Keynesian Phillips curve matches the empirical behavior of inflation well when the labor income share is used as a driving variable, but fits poorly when deterministically ...
Oil volatility and the option value of waiting : an analysis of the G-7

Bredin, Donal ; Elder, John ; Fountas, Stilianos (University College Dublin. School of Business. Centre for Financial Markets, 2009-08)

There has recently been considerable interest in the potential adverse effects associated with excessive uncertainty in energy futures markets. Theoretical models of investment under uncertainty predict that increased ...
Wage Curve vs. Phillips Curve : are there macroeconomic implications?

Whelan, Karl (Federal Reserve, 1997-10-14)

The standard derivation of the accelerationist Phillips curve relates expected real wage inflation to the unemployment rate and invokes a constant price markup and adaptive expectations to generate the accelerationist price ...