Variation in the Phillips Curve Relation Across Three Phases of the Business Cycle
Author:
Affiliation:
1. Virginia Polytechnic Institute and State University
2. Federal Reserve Bank of Cleveland
Publisher
Federal Reserve Bank of Cleveland
Reference99 articles.
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2. 2. Alvarez-Lois, Pedro P. (2005). "Production inflexibilities and the cost channel of monetary policy." Economic Inquiry, 43(1), pp. 170-193. doi:10.1093/ei/cbi012.
3. 3. Alvarez-Lois, Pedro P. (2006). "Endogenous capacity utilization and macroeconomic persistence." Journal of Monetary Economics, 53(8), pp. 2213-2237. doi:10.1016/j.jmoneco.2006.07.001.
4. 4. Ashley, Richard, Kwok Ping Tsang, and Randal J. Verbrugge (2018). "All fluctuations are not created equal: The differential roles of transitory versus persistent changes in driving historical monetary policy." Working Paper 18-14, Federal Reserve Bank of Cleveland. doi:10.26509/frbc-wp-201814.
5. 5. Ashley, Richard and Randal J. Verbrugge (2003). "Mis-specification in Phillips curve regressions: Quantifying frequency dependence in this relationship while allowing for feedback." Manuscript, Virginia Tech. (No longer downloadable in this version).
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