September 24, 2020

An assessment of the Phillips curve over time: evidence for the United States and the euro area

We assess the stability of the coefficient on the unemployment gap in various linear dynamic Phillips curve models. We allow the coefficient on the unemployment gap and the other variables in our model to be...

August 11, 2020

Forecasting wage growth and price inflation in the Netherlands with a BVAR model

This background document describes a Bayesian Vector Autoregression (BVAR) model to support the CPB short-term forecasts of wage growth and price...