How Well Does the New Keynesian Sticky-Price Model Fit the Data?

By John M. Roberts. 2001

190 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/3064a0372cc637fa07cf59303df827e18a0c5133

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In Economics and Econometrics

Citations in the corpus

A Quantitative Comparison of Sticky-Price and Sticky-Information Models of Price Setting (2006, background): “Roberts (2005) also considers hybrids with a moving average of inflation lags, although he does not consider the behavioral assumptions that would generate such a specification that I discuss later.”
Testing for a Forward-Looking Phillips Curve: Additional Evidence from European and US Data (2001, methodology): “Fuhrer (1997) and Roberts (2001) have suggested a simplification of the inflation persistence model.”
The New Keynesian Phillips Curve: From Sticky Inflation to Sticky Prices (2008, methodology): “As discussed in Roberts (2005), by employing a monetary policy analysis framework incorporating a purely forward-looking NKPC, Rotemberg and Woodford (1997) find that an optimized monetary policy rule should maintain a high degree of interest rate smoothing in conjunction with a small response to…”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, background): “Roberts (2005), who also considers GIV and impulse response matching, estimates a hybrid NKPC with four lags of inflation, obtaining about 50 percent weight on forward-looking behavior.”
Optimal monetary policy in an economy with inflation persistence (2003, background): “Roberts (2000) estimates a hybrid Phillips curve with several different measures of inflation and the output gap, several different choices of instrument sets and several different assumptions about shifts in monetary policy.”