Nonlinearities in Phillips curve: A semi-parametric approach
How inflation relates to economic activity is one of the most important concern of macroeconomists. Usually the trade-off between inflation and output is assumed to be linear. But is that correct? If not, what is the correct non-linear relation? To answer those questions, we estimated the inflation-...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade de São Paulo
2015-12-01
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| Series: | Economia Aplicada |
| Subjects: | |
| Online Access: | http://www.revistas.usp.br/ecoa/article/view/110729 |