P. Swamy

Publication List Details

Period

2007 - 2008

Number

10

Co-Authors

The New Keynesian Phillips Curve and Inflation Expectations: Re-Specification and Interpretation

P. Swamy, George Tavlas

Time-varying-coefficient model, Inflation-unemployment trade-off, “Objective” probability, Spurious correlation, Rational expectation, Coefficient driver, C51, E31, E42, E50,

A random coefficient model of speculative attacks: The case of the Mexican peso

Joseph Aschheim, Costas Christou, P. Swamy, George Tavlas

A considerable body of theoretical and empirical literature has developed seeking to explain the timing, magnitude, and mechanics of speculative attacks against currencies. This paper extends the...

Correcting for Omitted-Variable and Measurement-Error Bias in Autoregressive Model Estimation with Panel Data

P. Swamy, I-Lok Chang, Jatinder Mehta, George Tavlas

The parameter estimates based on an econometric equation are biased and can also be inconsistent when relevant regressors are omitted from the equation or when included regressors are measured with...

Theoretical conditions under which monetary policies are effective and practical obstacles to their verification

P. Swamy, George Tavlas

We derive (i) necessary and sufficient and (ii) sufficient conditions for monetary policies to conform to what the literature characterizes as good policies. We show that the biasing effects of...