Some international evidence on the Lucas Supply Function

Ralf Fendel and Jan-Christoph Rülke

Economics Letters, 2012, vol. 114, issue 2, 157-160

Abstract: We provide empirical evidence on the Lucas Supply Function based on actual inflation surprises for 19 industrial economies. Our results show that the inflation surprise positively correlates with the output gap and that this relationship is negatively related to inflation variability.

Keywords: Lucas Supply Function; Inflation expectations; Business cycle (search for similar items in EconPapers)
JEL-codes: D84 E31 E32 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:2:p:157-160

DOI: 10.1016/j.econlet.2011.10.003

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