Estimating New-Keynesian Phillips curves: A full information maximum likelihood approach☆

By J. Lindé. 2005

328 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f508daa491d602e737ed3a3d122346e9e89c22f8

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In Economics and Econometrics

Citations in the corpus

Monetary Theory and Policy, 2nd Edition (2003, methodology): “The following model has been estimated by Lindé (2002), although the values here are from Svensson and Williams (2005):”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, background): “…variables in the system, full- information methods have the potential to improve estimator precision, but they also introduce the risk of misspecification in other equations, inducing bias or inconsistency of the NKPC parameters of interest (Lindé 2005; Beyer et al. 2008; Fuka ̌ c and Pagan 2010).”
A Search for a Structural Phillips Curve (2005, background): “The prior for hi0 is log-normal, f(lnhi0) = N(ln�hi;10); ( 31 ) where � hi is the initial estimate of the residual variance of variable i. A variance of 10 on a natural-log scale makes this weakly informative for hi0.”
Firm-specific capital, nominal rigidities and the business cycle (2011, unknown): “This mechanism is enhanced the more elastic is demand and the less flexible is 33 See, for example, Ball and Romer (1990), CEE (2005), Dotsey and King (2009), Galí and Gertler (1999), Lindé (2005) and Smets and Wouters (2003).”
Jump-Starting the Euro-Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery? (2015, unknown): “14 The median estimates of the Phillips Curve slope in recent empirical studies by e.g. Adolfson et al (2005), Altig et al. (2011), Galí and Gertler (1999), Galí, Gertler, and López-Salido (2001), Lindé (2005), and Smets and Wouters (2003, 2007) are in the range of 0.009− .014.”
The New Keynesian Phillips Curve: From Sticky Inflation to Sticky Prices (2008, background): “…Moore (1995), Fuhrer (1997), as well as recent empirical studies of Rudebusch (2002), Estrella and Fuhrer (2002, 2003), Adam and Padula (2003), Fuhrer and Olivei (2004), Fuhrer (2005), Linde (2005), and Zhang, Osborn and Kim (2006) provide generally consistent evidence with Rudd and Whelan (2005).”
Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data on Product Prices and Unit Labor Cost (2012, unknown): “See e.g. Galí and Gertler (1999), Galí, Gertler, and López-Salido (2001), Lindé (2005) and Sbordone (2002) and, in a full system setting, e.g. Smets and Wouters (2003), Christiano, Eichenbaum, and Evans (2005) and Adolfson, Laséen, Lindé, and Villani (2008).”