| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Estimating the New Keynesian Phillips Curve for Italian Manufacturing Sectors | |
| Carla Massidda | |
| 发表日期 | 2005 |
| 出处 | Economy and Society |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | The purpose of this paper is to test the general validity of the NKPC previsions for the Italian manufacturing industries. In particular we are interested in estimating the extent to which the degree of nominal inertia and the fraction of backward-looking price-setters differ from industry to industry. We attempt to address this issue by testing three different model specifications: a pure forward-looking model versus a hybrid model where an income labour share marginal cost measure is considered, and a modified hybrid model specification where marginal costs are corrected to include intermediate inputs. Our results show that the backward-looking component is statistically significant and quantitatively large for all industries. Moreover, this estimate does not depend on the model's specification. Conversely, the parameter measuring the extent of price rigidity is sensitive to the definition of firms' cost. Interpreting the overall results, we conclude that price-setting behaviour is not totally homogeneous among Italian firms. |
| 特色分类 | E3 |
| 关键词 | Phillips curve,Inflation,Unit labour cost |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/estimating-the-new-keynesian-phillips-curve-for-italian-manufacturing-sectors/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117125 |
| 推荐引用方式 GB/T 7714 | Carla Massidda. Estimating the New Keynesian Phillips Curve for Italian Manufacturing Sectors. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2005-012.pdf（702KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Carla Massidda]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Carla Massidda]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Carla Massidda]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
