Publication

The asymmetry of the New Keynesian Phillips Curve in the euro-area

Chortareas, G.
; 
Magkonis, Georgios
; 
Panagiotidis, T.
Publication Date
2012
End of Embargo
Supervisor
Keywords
REF 2014, New Keynesian Phillips Curve, Quantile regression, Euro-area, Asymmetries
Rights
Peer-Reviewed
Open Access status
closedAccess
Accepted for publication
Institution
Department
Awarded
Embargo end date
Collections
Management and Law Publications
Show all metadata
Additional title
Abstract
Using a two-stage quantile regression framework, we uncover significant asymmetries across quantiles for all coefficients in an otherwise standard New Keynesian Phillips Curve (NKPC) for the euro area. A pure NKPC specification accurately captures inflation dynamics at high inflation quantiles.
URI
http://hdl.handle.net/10454/5913
Version
No full-text in the repository
Citation
Chortareas, G., Magkonis, George, Panagiotidis, Theodore (2012) The asymmetry of the New Keynesian Phillips Curve in the euro-area. Economics Letters, 114 (2), 161-163.
Link to publisher’s version
Link to published version
Link to Version of Record
https://doi.org/10.1016/j.econlet.2011.09.035
Type
Article
Qualification name
Notes