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Estimating the New Keynesian Phillips Curve on Swedish Data: A GMM Approach
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2014 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

In this paper we estimate the New Keynesian Phillips Curve on disaggregated sectoral Swedish Data. We use the standard Generalized Method of Moments approach, following previous research by Galí and Gertler. Our results show that the estimates of the disaggregated model are in line with the theoretical predictions from the micro foundation of the New Keynesian Phillips curve. The same is not true for the estimated results on aggregate data. These results are in line with previous research by Imbs, Jondeau and Pelgrin (2011).

Place, publisher, year, edition, pages
2014.
Keyword [en]
Disaggregated NKPC, GMM, Sectoral, Sweden
National Category
Economics
Identifiers
URN: urn:nbn:se:uu:diva-229580OAI: oai:DiVA.org:uu-229580DiVA: diva2:737012
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Available from: 2014-08-11 Created: 2014-08-11 Last updated: 2014-08-11Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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