| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6674 |
| DP6674 Incomplete Cost Pass-Through Under Deep Habits | |
| Morten Ravn; Martín Uribe; Stephanie Schmitt-Grohé | |
| 发表日期 | 2008-02-01 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Recently, the Bank of Japan outlined a ?two perspectives? approach to the conduct of monetary policy that focuses on risks to price stability over different time horizons. Interpreting this as pertaining to different frequency bands, we use band spectrum regression to study the determination of inflation in Japan. We find that inflation is related to money growth and real output growth at low frequencies and the output gap at higher frequencies. Moreover, this relationship reflects Granger causality from money growth and the output gap to inflation in the relevant frequency bands. |
| 主题 | International Macroeconomics |
| 关键词 | Frequency domain Phillips curve Quantity theory Spectral regression |
| URL | https://cepr.org/publications/dp6674 |
| 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/535511 |
| 推荐引用方式 GB/T 7714 | Morten Ravn,Martín Uribe,Stephanie Schmitt-Grohé. DP6674 Incomplete Cost Pass-Through Under Deep Habits. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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。
