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Collections :	Ιδρυματικό Αποθετήριο ΟΠΑ / AUEB Institutional Repository Σχολή Οικονομικών Επιστημών / School of Economics Τμήμα Οικονομικής Επιστήμης / Department of Economics Μεταπτυχιακές Εργασίες / Postgraduate dissertations

Title :	Modern Phillips Curve dynamics and the median wage

Creator :	Kalevras, Kostas

Contributor :	Alogoskoufis, Georgios (Επιβλέπων καθηγητής) Athens University of Economics and Business, Department of Economics (Degree granting institution)

Type :	Text

Notes :	JEL Classifications: C22, E31, E52, E58, J31, N32, Y40.

Extent :	70p.

Language :	en

Abstract :	This research outlines the Phillips Curve history, examines recent developments in the unemployment – inflation research (especially since the Great Recession and its impact on price and wage inflation dynamics) and takes a fresh look at explaining median wage growth movements with a parsimonious non-linear wage Phillips Curve model. The model is evaluated through time and against the Great Recession shock and presents a fruitful line of research closer to the original Phillips specification.

Abstract :

This research outlines the Phillips Curve history, examines recent developments in the unemployment – inflation research (especially since the Great Recession and its impact on price and wage inflation dynamics) and takes a fresh look at explaining median wage growth movements with a parsimonious non-linear wage Phillips Curve model. The model is evaluated through time and against the Great Recession shock and presents a fruitful line of research closer to the original Phillips specification.

Subject :	Phillips Curve Inflation dynamics New Keynesian Phillips Curve New Keynesian Model Non-linear model Econometrics Median Wage

Date :	31-08-2016

Licence :

File: Kalevras_2016.pdf

Type: application/pdf

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