An updated assessment of the Lucas supply curve and the inflation-output trade-off

Brant Abbott and Cristina Martínez

Economics Letters, 2008, vol. 101, issue 3, 199-201

Abstract: Previous work assessing the results of Lucas [Lucas, R., 1972, Expectations and the neutrality of money, Journal of Economic Theory 4, 103-124.] and the inflation-output trade-off is updated by incorporating recent data, avoiding spurious regressions and bootstrapping results. The relationship hypothesized by Lucas is reinforced, but mean inflation results are inconclusive.

Keywords: Inflation; Output; inflation; Output; Phillips; curves (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:3:p:199-201

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