Online Resource
Paris : OECD Publishing
Language:
English
Pages:
24 p.
,
21 x 29.7cm
Series Statement:
OECD Economics Department Working Papers no.219
Keywords:
Economics
Abstract:
This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order to impose common parameters across countries where such restrictions are consistent with the data. A striking feature of the results is that most of the countries accept a common sacrifice ratio ...
DOI:
10.1787/340107434541
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