Inflation dynamics in the frequency domain

被引：2
|
作者：
Martins, Manuel M. F. [1 ,2 ]
Verona, Fabio [3 ]
机构：
[1] Univ Porto, Fac Econ, Porto, Portugal
[2] CEF UP, Porto, Portugal
[3] Bank Finland, Monetary Policy & Res Dept, Helsinki, Finland
来源：
ECONOMICS LETTERS | 2023年 / 231卷
关键词：
Inflation dynamics; New Keynesian Phillips Curve; Frequency domain; Wavelets; PHILLIPS-CURVE;
D O I：
10.1016/j.econlet.2023.111304
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We use a New Keynesian Phillips Curve to study the dynamics of inflation in the frequency domain. Inflation expectations dominate medium-to-long-run cycles, energy inflation dominate short cycles and also longer cycles once expectations became anchored. While statistically significant, unemployment is not economically relevant at any frequency band.& COPY; 2023 Elsevier B.V. All rights reserved.
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页数：5
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