Change of regime and Phillips curve stability:The case of Spain, 1964-2002

Oscar Bajo-Rubio (), Carmen Díaz Roldán Mª () and Vicente Esteve ()
Additional contact information
Carmen Díaz Roldán Mª: Universidad Castilla La Mancha, http://www.uclm.es/
Authors registered in the RePEc Author Service: Carmen Diaz-Roldan

No E2004/52, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: Traditional Phillips curves relating inflation to a measure of the level of activity, and augmented to include past inflation (assumed to proxy expected inflation), have been thought to be highly unstable over time. In this paper we try to investigate, using recent econometric developments, whether such a statement can be supported over a long time period. In the empirical application, we analyze the case of Spain along the period 1964 to 2002.

Keywords: Structural changes; Inflation; Phillips curve (search for similar items in EconPapers)
JEL-codes: C22 E31 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2004
New Economics Papers: this item is included in nep-ets and nep-his
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Change of regime and Phillips curve stability: The case of Spain, 1964-2002 (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:cea:doctra:e2004_52

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