9,887 research outputs found

    George Noble, W.J. Phillips, and Nicholas de Grandmaison judge an art competition.

    No full text
    W.J. Phillips pins the "first prize" ribbon on an oil painting by Dr. A.D. Bechtel. The judging took place at the art salon in Banff Springs hotel, where the Canadian Medical Association is holding its 83rd annual meeting. Other judges are George Noble, and Nicholas de Grandmaison. The black and white photograph is stamped on the verso: "Photograph by Associated Screen News Limited, Banff Springs Hotel, Banff, Alberta." title supplied by cataloguer

    Inflation Forecasts and the New Keynesian Phillips Curve

    No full text
    The ability of the New Keynesian Phillips curve to explain US inflation dynamics when official central bank forecasts (Greenbook forecasts) are used as a proxy for inflation expectations is examined. The New Keynesian Phillips curve is estimated on quarterly data spanning the period 1970Q1-1998Q2 against the alternative of the Hybrid Phillips curve, which allows for a backward-looking component in the price-setting behavior in the economy. The results are compared to those obtained using actual data on future inflation as conventionally employed in empirical work under the assumption of rational expectations. The empirical evidence provides, in contrast to most of the relevant literature, considerable support for the standard forward-looking New Keynesian Phillips curve when inflation expectations are measured using official inflation forecasts. In this case, lagged inflation terms become insignificant in the hybrid specification. The usefulness of real unit labor cost as the preferred proxy for real marginal cost in recent empirical work on the Phillips curve is confirmed by our results.Money demand; Inflation; Phillips curve; Real marginal cost; Real-time data; GMM estimation

    [Newspaper clipping Authored by Walter J. Phillips]

    No full text
    A newspaper clipping that describes a chance meeting with Nicholas de Grandmaison in a hotel lobby. Includes details of his marriage to Sophie Dournovo

    Interview with Nicholas Christopher, author of Somewhere in the Night: Film Noir and the American City

    No full text
    Interview with Nicholas Christopher, author of Somewhere in the Night: Film Noir and the American Cit

    L’établissement d’une Cour suprême au Royaume-Uni

    No full text
    Phillips of worth matravers Nicholas. L’établissement d’une Cour suprême au Royaume-Uni. In: Revue internationale de droit comparé. Vol. 70 N°4,2018. pp. 743-749

    The New Keynesian Phillips curve : lessons from single-equation econometric estimation

    No full text
    We review single-equation methods for estimating the hybrid New Keynesian Phillips curve (NKPC) and then apply those methods to U.S. quarterly data for 1955?2007. Estimating the hybrid NKPC by the generalized method of moments yields stable coefficients with a large role for expected future inflation. Measures of marginal costs better explain U.S. inflation than does a range of measures of the output gap. But estimates of the slope of the NKPC are imprecise and confidence intervals that are robust to weak identification are wide. Further research on measuring marginal costs may reconcile these mixed findings. A reconciliation is important if the NKPC is to remain a fundamental component of models of the monetary transmission mechanism.Inflation (Finance) ; Phillips curve

    Employment Growth, Inflation and Output Growth: Was Phillips Right? Evidence from a Dynamic Panel

    No full text
    In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips’ tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output growth, giving support to Phillips’ Golden Triangle theory.employment growth, inflation, output growth, Golden Triangle theory

    Employment growth, inflation and output growth: Was phillips right? Evidence from a dynamic panel

    No full text
    Copyright @ 2011 Brunel UniversityIn this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips’ tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output growth, giving support to Phillips’ Golden Triangle theory

    Resurrecting the Author

    No full text
    Presentation of Nicholas Wolterstorff\u27s Paper Resurrecting the Author with time after for questions beginning at 18:00
    corecore