| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2218 |
| DP2218 Strategic Monetary Policy with Non-Atomistic Wage Setters: A Case for Non-Neutrality | |
| Francesco Lippi | |
| 发表日期 | 1999-08-31 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | The paper proposes a technique to test jointly for groupings of unknown size in the cross-sectional dimension of a panel and estimates the parameters of each group, applying it to identifying convergence clubs in income per-capita. The approach uses the predictive density of the data, conditional on the parameters of the model. The steady state distribution of European regional data clusters around four poles of attraction with different economic features. The distribution of income per-cpaita of OECD countries has two poles of attraction and each group has clearly identifiable economic characteristics. |
| 主题 | International Macroeconomics |
| 关键词 | Heterogeneities Income inequality Panel data Predictive density |
| URL | https://cepr.org/publications/dp2218 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531324 |
| 推荐引用方式 GB/T 7714 | Francesco Lippi. DP2218 Strategic Monetary Policy with Non-Atomistic Wage Setters: A Case for Non-Neutrality. 1999. |
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