This paper estimates the natural rate of interest for six small open-economies (Australia, Canada, South Korea, Sweden, Switzerland, and the UK) with a structural New Keynesian …
V Grossman, E Martínez-García… - Globalization Institute …, 2019 - papers.ssrn.com
This paper estimates the natural rate of interest for six small open economies (Australia, Canada, South Korea, Sweden, Switzerland and the UK) with a structural New Keynesian …
B Zhang, W Dai - Economic Modelling, 2020 - Elsevier
This paper estimates a small open economy New Keynesian model for Australia with positive trend inflation while allowing for multiple equilibria. We first show the extent to which …
SK Abbas - Applied Economics, 2023 - Taylor & Francis
Employing a novel instrumental variable method, we provide three findings with the idea of introducing regime switching into the NKPC for Australia, Canada, New Zealand, the United …
SK Abbas - Australian Economic Review, 2024 - Wiley Online Library
In this article, I argue that shifts in the natural rate of interest provide important insights for the New Keynesian Phillips Curve (NKPC). The deviation of the real interest rate from the …
H Saygılı - Review of World Economics, 2020 - Springer
Introduction This paper empirically evaluates the significance of domestic and external factors on two-digit sectoral inflation dynamics in a sample of OECD countries using open …
AB Rohoia, P Sharma - Journal of Risk and Financial Management, 2021 - mdpi.com
This paper examines the role of inflation expectations in Solomon Islands, a Pacific Island Country, using the Hybrid New Keynesian Phillips Curve model. The study applies the …
The New Keynesian Phillips Curve (NKPC), a fast-evolving model developed, describes the relationship between inflation and unemployment. The model wields several advantages …