Trend, Cycle, and Non-linear Trade-off in the Euro Area 1970-2001 (FEP Working Paper Nº 122, Faculdade de Economia da Universidade do Porto, Março 2003)
This paper presents new tests and estimates of the Phillips trade-off in the Euro Area, carried out in a unobserved components model with possibly non-linear Phillips and Okun relations, using quarterly aggregate data for the period 1970:I-2001:II. A concept of forward-looking near-rational expectat...
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| Format: | other |
| Language: | eng |
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2003
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| Online Access: | https://hdl.handle.net/10216/71316 |
| Country: | Portugal |
| Oai: | oai:repositorio-aberto.up.pt:10216/71316 |