Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Refine search results

Journals help

  1. 1 Economics and Business Review

Authors help

  1. 1 Dariusz J. B.

Years help

  1. 1 2016

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  simple three-step procedure
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1
Publication available in full text mode
Content available

Simple four-step procedure of parabolic B curve determination for OECD countries in 1990Q1 – 2015Q4

100%
Dariusz J. B.
Economics and Business Review
|
2016
|
vol. 2(16)
|
issue 3
121-137
EN
In theory the short-term relationship between inflation and GDP rate is known as the positive slope straight line SAS. In practice it is reflected by a concave non-monotonic function. The results of estimation depend on unusual observations. We propose a simple four-step procedure: first, basic estimation based on all observations; then estimation having ignored outliers; next, estimation on the average GDP rates for given inflation rates for the same observations; lastly, estimation skipping outlying averages. Empirical analysis for 26 OECD countries on quarterly data brought satisfactory results. They justified the determination of optimal GDP rate and corresponding inflation for every country. Finally, recommendations for policymakers have been formulated.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.