Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/50330
Authors: 
Köberl, Eva
Lein, Sarah M.
Year of Publication: 
2008
Series/Report no.: 
KOF working papers // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 211
Abstract: 
In this paper we propose a straightforward method to derive a non-accelerating inflation capacity utilisation rate (NAICU) based on micro data. We condition the current capacity utilisation of firms on their current and planned price adjustments. The non-accelerating inflation capacity utilisation rate is then defined as the rate where a firm feels no price adjustment pressure. One of the main advantages is that this methodology uses structural aspects and does not make it necessary to operate with often rather arbitrary statistical filters. We show that our aggregate NAICU performs remarkably well as an indicator of inflationary pressure in a Phillips curve estimation.
Subjects: 
prices
capacity utilisation
NAICU
Phillips curve
JEL: 
E31
E32
E52
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
247.06 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.