The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina
- Autores
- D'Amato, Laura; Garegnani, María Lorena
- Año de publicación
- 2004
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- Based on recent developments in the empirical modeling of the short-run dynamics of inflation, we estimate a "Hybrid New Keynesian Phillips Curve" for Argentina over the period 1993-2003, which assumes that while a fraction of the firms are forward-looking, the others use a backward-looking rule to set prices. We extend the model to a small open economy, considering the influence of nominal devaluation and foreign inflation on domestic prices. Although we find a significant forward-looking behavior, backwardness seems to be more relevant for domestic prices setting. Finally, we cannot reject verticality of the Phillips Curve in the long run.
Departamento de Economía - Materia
-
Economía
inflación
Argentina
modelo económico - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by/3.0/
- Repositorio
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/3796
Ver los metadatos del registro completo
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The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for ArgentinaD'Amato, LauraGaregnani, María LorenaEconomíainflaciónArgentinamodelo económicoBased on recent developments in the empirical modeling of the short-run dynamics of inflation, we estimate a "Hybrid New Keynesian Phillips Curve" for Argentina over the period 1993-2003, which assumes that while a fraction of the firms are forward-looking, the others use a backward-looking rule to set prices. We extend the model to a small open economy, considering the influence of nominal devaluation and foreign inflation on domestic prices. Although we find a significant forward-looking behavior, backwardness seems to be more relevant for domestic prices setting. Finally, we cannot reject verticality of the Phillips Curve in the long run.Departamento de Economía2004-05info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/3796enginfo:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/jemi/2004/trabajo08.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/Creative Commons Attribution 3.0 Unported (CC BY 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T10:49:21Zoai:sedici.unlp.edu.ar:10915/3796Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 10:49:21.702SEDICI (UNLP) - Universidad Nacional de La Platafalse |
dc.title.none.fl_str_mv |
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina |
title |
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina |
spellingShingle |
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina D'Amato, Laura Economía inflación Argentina modelo económico |
title_short |
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina |
title_full |
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina |
title_fullStr |
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina |
title_full_unstemmed |
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina |
title_sort |
The short-run dynamics of inflation: estimating a "hybrid new Keynesian Phillips curve" for Argentina |
dc.creator.none.fl_str_mv |
D'Amato, Laura Garegnani, María Lorena |
author |
D'Amato, Laura |
author_facet |
D'Amato, Laura Garegnani, María Lorena |
author_role |
author |
author2 |
Garegnani, María Lorena |
author2_role |
author |
dc.subject.none.fl_str_mv |
Economía inflación Argentina modelo económico |
topic |
Economía inflación Argentina modelo económico |
dc.description.none.fl_txt_mv |
Based on recent developments in the empirical modeling of the short-run dynamics of inflation, we estimate a "Hybrid New Keynesian Phillips Curve" for Argentina over the period 1993-2003, which assumes that while a fraction of the firms are forward-looking, the others use a backward-looking rule to set prices. We extend the model to a small open economy, considering the influence of nominal devaluation and foreign inflation on domestic prices. Although we find a significant forward-looking behavior, backwardness seems to be more relevant for domestic prices setting. Finally, we cannot reject verticality of the Phillips Curve in the long run. Departamento de Economía |
description |
Based on recent developments in the empirical modeling of the short-run dynamics of inflation, we estimate a "Hybrid New Keynesian Phillips Curve" for Argentina over the period 1993-2003, which assumes that while a fraction of the firms are forward-looking, the others use a backward-looking rule to set prices. We extend the model to a small open economy, considering the influence of nominal devaluation and foreign inflation on domestic prices. Although we find a significant forward-looking behavior, backwardness seems to be more relevant for domestic prices setting. Finally, we cannot reject verticality of the Phillips Curve in the long run. |
publishDate |
2004 |
dc.date.none.fl_str_mv |
2004-05 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/conferenceObject info:eu-repo/semantics/publishedVersion Objeto de conferencia http://purl.org/coar/resource_type/c_5794 info:ar-repo/semantics/documentoDeConferencia |
format |
conferenceObject |
status_str |
publishedVersion |
dc.identifier.none.fl_str_mv |
http://sedici.unlp.edu.ar/handle/10915/3796 |
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http://sedici.unlp.edu.ar/handle/10915/3796 |
dc.language.none.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/jemi/2004/trabajo08.pdf |
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info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by/3.0/ Creative Commons Attribution 3.0 Unported (CC BY 3.0) |
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openAccess |
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http://creativecommons.org/licenses/by/3.0/ Creative Commons Attribution 3.0 Unported (CC BY 3.0) |
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application/pdf |
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Universidad Nacional de La Plata |
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SEDICI (UNLP) - Universidad Nacional de La Plata |
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