Meta-Analysis of the New Keynesian Phillips Curve in Developed and Emerging Economies

Wirtschaftswissenschaften

Fidrmuc, Jarko, Daniskova, Katarina

Meta-Analysis of the New Keynesian Phillips Curve in Developed and Emerging Economies

Fidrmuc, Jarko, Daniskova, Katarina: Meta-Analysis of the New Keynesian Phillips Curve in Developed and Emerging Economies, Emerging Markets Finance and Trade, 2020; Jg. 2020 (56(1)): https://doi.org/10.1080/1540496X.2019.1590700 (in Druck).

Originalarbeiten in wissenschaftlichen Fachzeitschriften mit Review-Verfahren

The New Keynesian Phillips Curve (NKPC) 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 subjects on the market. Reviewing about 200 studies, we analyze the weight of the forward-looking behavior in the hybrid NKPC by means of meta regression. We show that selected data and method characteristics have significant impact on reported results. Moreover, we find a significant publication bias including publications in top journals, while we document no bias for the most cited studies and the most cited authors.

https://doi.org/10.1080/1540496X.2019.1590700

(Im Druck)

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