Prices, Wages and the U.S. NAIRU in the 1990s

By Douglas O. Staiger, James H. Stock, Mark W. Watson. 2001

245 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0dd256f63c3c711a0a2217021ec1b4fd46aa2b03

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In Economics and Econometrics

Citations in the corpus

Understanding the Greenspan Standard (2005, background): “Earlier, we noted that a Taylor rule that uses the Staiger et al. (2001) estimates of the natural rate of unemployment (equation (4)), which decline during the 1990s, fits Greenspan’s behavior well and is stable.”
Monetary Policy and Inflation Dynamics (2004, unknown): “... I assess the extent to which shifts in monetary policy can account for an important change in the relationship between unemployment and inflation in the United States: it appears that, in a simple reduced-form Phillips curve relationship between changes in inflation and the unemployment rate, th”
Tracking the new economy: using growth theory to detect changes in trend productivity (2007, background): “Roberts (2000) and Staiger et al. (2001) have noted, however, that unit root tests have a high false-rejection rate when applied to series such as productivity growth.”
The Wage Curve Reloaded (2005, unknown): “Staiger, Stock and Watson (2002) and Card and Hyslop (1997) also report a high level of auto-regression in U.S.”
The US Wage Phillips Curve Across Frequencies and Over Time (2011, background): “…levels W3 and W4 the estimated slopes of the Phillips curve, point estimate of about−0.61, are almost twice what we obtained using aggregate data [and resemble those reported in Staiger et al. (2002) from state data using IV estimation to correct ordinary least square errors in variables bias].”
Frequency Dependence in Regression Model Coefficients: An Alternative Approach for Modeling Nonlinear Dynamic Relationships in Time Series (2008, result): “Associating low frequency unt fluctuations with changes in the so–called “natural rate of unemployment” and high frequency unt fluctuations with departures from the natural rate – as in Hall (1999), Cogley and Sargent (2001), and Staiger, Stock and Watson (2001) – these results are consistent with”
Comparing Density Forecasts via Weighted Likelihood Ratio Tests (2007, unknown): “by plugging a parameter conguration b : f̂m;t = p(Yt+1jFm;t;b ) (23) where b is taken to synthesize the whole posterior distribution p( jFm;t), i.”
The Supply Shock Explanation of the Great Stagflation Revisited (2008, unknown): “Slack is defined as the detrended unemployment rate; the trend is defined as the low-frequency component obtained from a bandpass filter with the filter width and cutoffs set equal to the values used by Staiger, Stock, and Watson (2001) and with an ARIMA model used for endpoint padding.”