The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina

Based on recent developments in the empirical modeling of the short-run dynamics of inflation, we estimate a "Hybrid New Keynesian Phillips Curve" for Argentina over the period 1993-2003, which assumes that while a fraction of the firms are forward-looking, the others use a backward-lookin...

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Autores principales: D'Amato, Laura, Garegnani, María Lorena
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2004
Materias:
Economía
inflación
Argentina
modelo económico
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/3796
http://www.depeco.econo.unlp.edu.ar/jemi/2004/trabajo08.pdf
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-3796
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Economía
inflación
Argentina
modelo económico
spellingShingle Economía
inflación
Argentina
modelo económico
D'Amato, Laura
Garegnani, María Lorena
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina
topic_facet Economía
inflación
Argentina
modelo económico
description Based on recent developments in the empirical modeling of the short-run dynamics of inflation, we estimate a "Hybrid New Keynesian Phillips Curve" for Argentina over the period 1993-2003, which assumes that while a fraction of the firms are forward-looking, the others use a backward-looking rule to set prices. We extend the model to a small open economy, considering the influence of nominal devaluation and foreign inflation on domestic prices. Although we find a significant forward-looking behavior, backwardness seems to be more relevant for domestic prices setting. Finally, we cannot reject verticality of the Phillips Curve in the long run.
format Objeto de conferencia
Objeto de conferencia
author D'Amato, Laura
Garegnani, María Lorena
author_facet D'Amato, Laura
Garegnani, María Lorena
author_sort D'Amato, Laura
title The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina
title_short The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina
title_full The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina
title_fullStr The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina
title_full_unstemmed The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina
title_sort short-run dynamics of inflation: estimating a "hybrid new keynesian phillips curve" for argentina
publishDate 2004
url http://sedici.unlp.edu.ar/handle/10915/3796
http://www.depeco.econo.unlp.edu.ar/jemi/2004/trabajo08.pdf
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