Estimating Unobservable Inflation Expectations in the New Keynesian Phillips Curve
This paper uses an econometric model and Bayesian estimation to reverse engineer the path of inflation expectations implied by the New Keynesian Phillips Curve and the data. The estimated expectations roughly track the patterns of a number of common measures of expected inflation available from surv...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-02-01
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| Series: | Econometrics |
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| Online Access: | http://www.mdpi.com/2225-1146/6/1/6 |