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Applied Economics Letters Volume 28, 2021 - Issue 9
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Research Article

How to disappear completely: nonlinearity and endogeneity in the New Keynesian Wage Phillips Curve

Daniel Sebastião Abreua Banco de Portugal, Lisbon, Portugal
&
Artur Silva Lopesb ISEG, Universidade de Lisboa, Lisboa, PortugalCorrespondence[email protected]
Pages 774-778 | Published online: 26 Jun 2020

References

  • Albuquerque, P., and U. Baumann. 2017. “Will US Inflation Awake from the Dead? The Role of Slack and Non-linearities in the Phillips Curve.” Journal of Policy Modelling 39 (2): 247–271. doi:10.1016/j.jpolmod.2017.01.004.
  • Byrne, D., and Z. Zetaike. 2019. “Missing Wage Growth in the Euro Area: Is the Wage Phillips Curve Non-linear?” Central Bank of Ireland working paper.
  • Donayre, L., and I. Panovska. 2016. “Nonlinearities in the U.S. Wage Phillips Curve.” Journal of Macroeconomics 48: 19–43. doi:10.1016/j.jmacro.2016.01.004.
  • Galí, J. 2011. “The Return of the Wage Phillips Curve.” Journal of the European Economic Association 9 (3): 436–461. doi:10.1111/j.1542-4774.2011.01023.x.
  • Galí, J., and L. Gambetti 2019. “Has the U.S. Phillips Curve Flattened? A Semi-Structural Exploration.” NBER Working Paper 25476.
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  • Kourtellos, A., T. Stengos, and C. M. Tan. 2016. “Structural Threshold Regression.” Econometric Theory 32 (4): 827–860. doi:10.1017/S0266466615000067.
  • McLeay, M., and S. Tenreyro. 2018. “Optimal Inflation and the Identification of the Phillips Curve.” working paper.
  • Olea, J. L. M., and C. Pfluger. 2013. “A Robust Test for Weak Instruments.” Journal of Business and Economic Statistics 31 (3): 358–369. doi:10.1080/00401706.2013.806694.
  • Phillips, A. W. 1958. “The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957.” Economica 25 (100): 283–299.
  • Stock, J., and M. Watson. 2018. “Slack and Cyclically Sensitive Inflation.” working paper.

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