Testing Output-inflation Trade-off: A Note

• Main Authors: Venus, Khim-Sen Liew, Lim, Kian-Ping, Puah, Chin Hong
• 格式: E-Article
• 語言: English
• 出版: Researchgate 2006
• 主題: H Social Sciences (General)
• 在線閱讀: http://ir.unimas.my/id/eprint/17986/7/Testing%20Output-inflation%20Trade-off%20%28abstract%29.pdf; http://ir.unimas.my/id/eprint/17986/; https://www.researchgate.net/publication/5105040_NEW_EVIDENCE_ON_THE_OUTPUT-INFLATION_TRADE-OFF_FROM_ASEAN-5_ECONOMIES

This study estimates the Asai (1999) proposed simplified BMR model (Ball et al., 1988) and ARY model (Akerlof et al., 1988) using quarterly data from Malaysia, Thailand, Japan and US. Unlike other earlier authors, we ensure that our models’ residuals are free from serial correlation and ARCH effect...