Palgrave Handbook of Econometrics: Applied Econometrics

912 Macroeconometric Modeling for Policy Acknowledgments We thank Q. Farooq Akram and Kerry Patterson for helpful comments and d ...

Gunnar Bårdsen and Ragnar Nymoen 913 In this section, we use the model version used for the October 2007 NAM forecasts: see htt ...

914 Macroeconometric Modeling for Policy Blanchflower, D.G. and A.J. Oswald (1994)The Wage Curve. Cambridge: Mass.: MIT Press. C ...

Gunnar Bårdsen and Ragnar Nymoen 915 Haavelmo, T. (1944) The probability approach in econometrics.Econometrica 12 , 1–118. Suppl ...

916 Macroeconometric Modeling for Policy Lütkepohl, H. (2006) Vector Autoregressive Models. In T.C. Mills and K. Patterson (eds. ...

18 Monetary Policy, Beliefs, Unemployment and Inflation: Evidence from the UK S.G.B. Henry Abstract Recent applied macroeconomic ...

918 Monetary Policy, Beliefs, Unemployment and Inflation 18.4.2.1 The wage push variables 929 18.4.2.2 The price push variables ...

S.G.B. Henry 919 0 2 4 6 8 10 12 14 1971Q11973Q11975Q11977Q11979Q11981Q11983Q11985Q11987Q11989Q11991Q11993Q11995Q11997Q11999Q120 ...

920 Monetary Policy, Beliefs, Unemployment and Inflation by bringing together what have hitherto been treated as two distinct – ...

S.G.B. Henry 921 Equation (18.1) is the AS (or Phillips curve) equation, whereπtis domestic inflation and(yt−y∗t)is the output g ...

922 Monetary Policy, Beliefs, Unemployment and Inflation inferences from equations like (18.4) is possible only if future expect ...

S.G.B. Henry 923 version of the NKPM augmented by anad hocequation for commodity price infla- tion, their structural model is di ...

924 Monetary Policy, Beliefs, Unemployment and Inflation Stock and Watson (2002), reviewed above, is an example of this, though ...

S.G.B. Henry 925 is that, even where the Phillips curve is taken to be static, the model’s dynamics due to learning reveal a ten ...

926 Monetary Policy, Beliefs, Unemployment and Inflation The government’s optimal rule for setting the systematic part of inflat ...

S.G.B. Henry 927 model, with its underlying assumption of a fixed natural rate and a static Phillips curve to account for the on ...

928 Monetary Policy, Beliefs, Unemployment and Inflation the labor market, in contrast with more statistical (or time series) mo ...

S.G.B. Henry 929 models of UK price formation have included secular trends in the price markup, real import prices and relative ...

930 Monetary Policy, Beliefs, Unemployment and Inflation as in Nickell and Bell (1995) and Nickell (1998); and estimates of a co ...

S.G.B. Henry 931 themselves cointegrate, though tests in this case show they clearly do (see Henry, Kirby and Riley 2007, for fu ...