G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11714
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
URLhttps://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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