The Calvo parameter revisited: an unbiased insight

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F25%3A10475090" target="_blank" >RIV/00216208:11230/25:10475090 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=WfGJwv2Wk4" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=WfGJwv2Wk4</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/13504851.2023.2261616" target="_blank" >10.1080/13504851.2023.2261616</a>

Result language
angličtina
Original language name
The Calvo parameter revisited: an unbiased insight
Original language description
This study provides a meta-analysis of the Calvo parameter estimated within the new Keynesian Phillips curve using a data set of 509 estimates from 40 studies published in a quarter century. Novel linear and non-linear techniques suggest publication bias distorting the reported estimates towards typical values of the Calvo parameter used for calibration. Moreover, Bayesian model averaging results indicate that the reported estimates are systematically affected by various aspects of research design, particularly the choice of forcing variable in the NKPC, instrument selection, and authors' affiliation.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory

Project
<a href="/en/project/GM23-05227M" target="_blank" >GM23-05227M: Spurious Precision in Meta-Analysis of Social Science Research (METASPUR)</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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