Estimating the New Keynesian Phillips Curve by Quantile Regression Method for Turkey

Boz, Çiğdem (2013) Estimating the New Keynesian Phillips Curve by Quantile Regression Method for Turkey. Modern Economy, 04 (09). pp. 627-632. ISSN 2152-7245

[thumbnail of ME_2013091110231299.pdf] Text
ME_2013091110231299.pdf - Published Version

Download (319kB)

Abstract

New Keynesian Phillips Curve based on nominal rigidities and rational expectations is a widely used structural model of inflation dynamics in the analysis of monetary policy. It postulates that current inflation is determined by expected inflation and by the real marginal costs. This study uses the Quantile Regression Method (QRM) to present the New Keynesian Phillips Curve (NKPC) estimation for Turkey instead of Generalized Method of Momentum (GMM). This method identifies differences in response of the inflation to changes in explanatory variables at various points of inflation.

Item Type: Article
Subjects: West Bengal Archive > Multidisciplinary
Depositing User: Unnamed user with email support@westbengalarchive.com
Date Deposited: 07 Jul 2023 04:09
Last Modified: 18 May 2024 08:43
URI: http://article.stmacademicwriting.com/id/eprint/1223

Actions (login required)

View Item
View Item