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題名 Output-Inflation Trade-off: A New Keynesian Approach
作者 朱琇妍
Chu, Shiou-Yen
貢獻者 財政系
關鍵詞 Phillips Curve ; Sacrifice Ratio ; Price Stickiness
日期 2011-04
上傳時間 4-Oct-2019 16:08:13 (UTC+8)
摘要 The first-order conditions derived from minimizing a quadratic loss function subject to an expectational IS curve and a New Keynesian Phillips curve interpret the tradeoff between output and inflation. We estimate the policy weights imposed on the output gap relative to inflation with the Generalized Method of Moments (GMM) technique. The results show that both inflation rate and degree of openness have positive relationships with the output-inflation tradeoff. A disinflationary environment or a country with a moderate degree of openness tends to have a favorable trade-off.
關聯 The Empirical Economics Letters, Vol.10, No.4, pp.309-316
資料類型 article
dc.contributor 財政系
dc.creator (作者) 朱琇妍
dc.creator (作者) Chu, Shiou-Yen
dc.date (日期) 2011-04
dc.date.accessioned 4-Oct-2019 16:08:13 (UTC+8)-
dc.date.available 4-Oct-2019 16:08:13 (UTC+8)-
dc.date.issued (上傳時間) 4-Oct-2019 16:08:13 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/126717-
dc.description.abstract (摘要) The first-order conditions derived from minimizing a quadratic loss function subject to an expectational IS curve and a New Keynesian Phillips curve interpret the tradeoff between output and inflation. We estimate the policy weights imposed on the output gap relative to inflation with the Generalized Method of Moments (GMM) technique. The results show that both inflation rate and degree of openness have positive relationships with the output-inflation tradeoff. A disinflationary environment or a country with a moderate degree of openness tends to have a favorable trade-off.
dc.format.extent 757139 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) The Empirical Economics Letters, Vol.10, No.4, pp.309-316
dc.subject (關鍵詞) Phillips Curve ; Sacrifice Ratio ; Price Stickiness
dc.title (題名) Output-Inflation Trade-off: A New Keynesian Approach
dc.type (資料類型) article