Estimates of New Keynesian Phillips Curve: Observations Based on the case of Korea

Small open economy model;New Keynesian Phillip Curve;Structural Estimation;Bayesian analysis;MCMC;330

Hyunji Song사회과학대학 경제학부 ;

University:서울대학교 대학원

关键词: Small open economy model;    New Keynesian Phillip Curve;    Structural Estimation;    Bayesian analysis;    MCMC;    330;   

Others  :  http://s-space.snu.ac.kr/bitstream/10371/134688/1/000000132057.pdf

美国|英语

来源: Seoul National University Open Repository

【 摘 要 】

the slope of New Keynesian Phillips Curve does not seem monotonically decreasing when it comes to the rolling window estimation analysis. We consider various reasons for this structural flattening including problems with data and estimation methodology and finally implement few robustness checks.