A "Hybrid" Monetary Policy Model: Evidence from the Euro Area

Jean-Guillaume Sahuc

No 02-10, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: The New IS and Phillips curves state that output and inflation are purely forward-looking but this theory is conflicting with the empirical results. This note analyses how some augmented version of those curves, called hybrid IS and Phillips curves are more consistent with the data properties.

Keywords: Euro area; habit formation; IS curve; Phillips curve; rule of thumb; monetary policy rule (search for similar items in EconPapers)
JEL-codes: C32 E17 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2002
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: A 'hybrid' monetary policy model: evidence from the Euro area (2002)
Working Paper: A ‘Hybrid’ Monetary Policy Model: Evidence from the Euro Area (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:eve:wpaper:02-10

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