Inflation Dynamics, Marginal Cost, and the Output Gap: Evidence from Three Countries
By Katharine S. Neiss, Edward Nelson. 2005
183 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/a5275e06b09da474bd74ec08cd2774552d173ac5
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In Economics and Econometrics
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Citations in the corpus
- Identifying the Influences of Nominal and Real Rigidities in Aggregate Price-Setting Behavior (2007, unknown): “enumerated here; recent examples include Lind´ e (2001), Neiss and Nelson (2002) , Sondergaard (2003), and Cogley and Sbordone (2004).”
- Rethinking Potential Output: Embedding Information About the Financial Cycle (2013, unknown): “These models define potential output as the output that corresponds to fully flexible prices and wages (eg Neiss and Nelson (2005), Basu and Fernald (2009), Justiniano and Primiceri (2008)).”
- Understanding the flattening Phillips curve (2010, background): “…that the output gap has been estimated by detrending output; in a new-Keynesian model, potential output typically is defined as the level of output that would prevail under flexible prices, and this may not be approximated well by de-trending output, a point emphasized by Neiss and Nelson (2005).15”
- Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, methodology): “Neiss and Nelson (2005) compute the output gap that is implied by a standard New Keynesian model; this theoretically consistent measure turns out to be essentially uncorrelated with quadratically detrended output (which is used by Roberts 1995, and Galí and Gertler 1999), and GIV estimates of the…”