Title of article
SectoralPhillipscurvesandtheaggregatePhillipscurve
Author/Authors
Jean Imbs، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2011
Pages
17
From page
328
To page
344
Abstract
Sector-levelPhillipscurvesareestimatedinFrenchdata.Thereisconsiderable
heterogeneityacrosssectors,withvastlydifferentestimatesofthebackwardlooking
componentofinflationandthedurationofnominalrigidities.Amulti-sectormodelof
inflationdynamicsiscalibratedonthebasisofthesesectoralestimates.Aggregate
inflation,simulatedonthebasisofheterogeneoussectors,displayscomparable
dynamicstoactualdata.Acomparisonisdrawnbetweenthepolicytrade-offsimplied
by aPhillipscurvebasedonmacroeconomicestimatesvs.onebasedonamodelwith
heterogeneoussectors.Thedifferenceissizeable
Journal title
Journal of Monetary Economics
Serial Year
2011
Journal title
Journal of Monetary Economics
Record number
846474
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