Repository logo
  • Log In
    New user? Click here to register.Have you forgotten your password?
University College Dublin
  • Colleges & Schools
  • Statistics
  • All of DSpace
  • Log In
    New user? Click here to register.Have you forgotten your password?
  1. Home
  2. College of Social Sciences and Law
  3. School of Economics
  4. Economics Research Collection
  5. Modeling inflation dynamics : a critical review of recent research
 
  • Details
Options

Modeling inflation dynamics : a critical review of recent research

File(s)
FileDescriptionSizeFormat
Download whelank_article_pub_011.pdf103.51 KB
Author(s)
Rudd, Jeremy 
Whelan, Karl 
Uri
http://hdl.handle.net/10197/201
Date Issued
February 2007
Date Available
05T15:51:51Z June 2008
Abstract
In recent years, a broad academic consensus has arisen that favors using rational expectations sticky-price models to capture inflation dynamics. We review the principal conclusions of this literature concerning: (1) the ability of these models to fit the data; (2) the importance of rational forward-looking expectations in price setting; and (3) the appropriate measure of inflationary pressures. We argue that existing models fail to provide a useful empirical description of the inflation process.
Type of Material
Journal Article
Publisher
Blackwell
Journal
Journal of Money, Credit and Banking
Volume
39
Issue
s1
Start Page
155
End Page
170
Copyright (Published Version)
Copyright 2007 The Ohio State University
Keywords
  • Phillips curve

  • Sticky prices

  • Rational expectations...

Classification
E31
Subject – LCSH
Inflation (Finance)--Mathematical models
Rational expectations (Economic theory)
DOI
10.1111/j.1538-4616.2007.00019.x
Web versions
http://dx.doi.org/10.1111/j.1538-4616.2007.00019.x
Language
English
Status of Item
Peer reviewed
ISSN
0022-2879
This item is made available under a Creative Commons License
https://creativecommons.org/licenses/by-nc-sa/1.0/
Owning collection
Economics Research Collection
Scopus© citations
126
Acquisition Date
Mar 19, 2023
View Details
Views
1840
Last Month
1
Acquisition Date
Mar 19, 2023
View Details
Downloads
2232
Last Month
1
Acquisition Date
Mar 19, 2023
View Details
google-scholar
University College Dublin Research Repository UCD
The Library, University College Dublin, Belfield, Dublin 4
Phone: +353 (0)1 716 7583
Fax: +353 (0)1 283 7667
Email: mailto:research.repository@ucd.ie
Guide: http://libguides.ucd.ie/rru

Built with DSpace-CRIS software - Extension maintained and optimized by 4Science

  • Cookie settings
  • Privacy policy
  • End User Agreement