Meta Analysis of the New Keynesian Phillips Curve

The New Keynesian Phillips Curve has become an inherent part of modern monetary policy models. It is derived from micro-founded models with rational expectations, sticky prices, and forward and backward looking behavior. Reviewing about 200 studies, we analyse the weight of the forward-looking firms in hybrid New Keynesian Phillips Curve by means of meta regression. We show that data and method characteristics have significant impact on reported results. Moreover, we confirm a significant publication bias including publications in top journals, while no such bias is found for the most cited studies and the most cited authors

Projektbeginn: 01.05.2011
Projektende: (unbegrenzt)

Prof. Dr. Jarko Fidrmuc, Mgr. Katarína Danisková

Zeppelin University Friedrichshafen
Zeppelin-Lehrstuhl für Internationale Wirtschaftstheorie & -politik (eingerichtet 05 / 2011)

Am Seemooser Horn 20
88045 Friedrichshafen

Telefon: +49 7541 6009-1241
Fax: +49 7541 6009-1299
Email: jarko.fidrmuc@zu.de
http://www.zeppelin-university.de/deutsch/lehrstuehle/internationales_management/internationales_management_profil.php

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