| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11714 |
| DP11714 THE OUTPUT-INFLATION TRADE-OFF IN SWITZERLAND, 1916 – 2015 | |
| Stefan Gerlach | |
| 发表日期 | 2016-12-20 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper follows Baltensperger and Jordan (1998) and studies the output-inflation trade-off in Switzerland, over the period 1915-2015. We estimate a standard Phillips curve model and provide estimates using a moving window. These show that the parameter on lagged inflation has risen gradually over time and that on import prices has declined. The impact of the output gap rose over time until the 1990s, when it lost all importance. Finally, we test for shifts of the parameters at unknown points in time. We identify four separate sample periods: 1916-1936; 1937-1971; 1971-1993 and 1994-2015. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Output-inflation trade off Structural break Phillips curve Switzerland |
| URL | https://cepr.org/publications/dp11714 |
| 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/540528 |
| 推荐引用方式 GB/T 7714 | Stefan Gerlach. DP11714 THE OUTPUT-INFLATION TRADE-OFF IN SWITZERLAND, 1916 – 2015. 2016. |
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