Essays about: "sebastjan wassermeyer"

Found 1 essay containing the words sebastjan wassermeyer.

  1. 1. Estimating the Swedish Phillips Relationship in a Markov-Switching Vector Autoregression

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Svante Midander; Sebastjan Wassermeyer; [2015]
    Keywords : Markov-switching; Phillips curve; Vector autoregression; Inflation expectations; Non-linear time series models;

    Abstract : The Swedish Phillips relationship was recently examined by Svensson (2015), who found that the long-run trade-off is downward-sloping. Hence, there is an unemployment cost of inflation. He argues that this has occurred because inflation expectations are anchored to the inflation target, while average inflation has deviated from the target. READ MORE