The global dimension of inflation : evidence from factor-augmented Phillips curves /

We examine the global dimension of inflation in 24 OECD countries between 1980 and 2007 in a traditional Phillips curve framework. We decompose output gaps and changes in unit labor costs into common (or global) and idiosyncratic components using a factor analysis and introduce these components sepa...

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Bibliographic Details
Main Author: Eickmeier, Sandra
Other Authors: Moll, Katharina
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2008
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies no. 16/2008
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Online Access:http://econstor.eu/bitstream/10419/27641/1/200816dkp.pdf
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