The New Keynesian Phillips curve in Europe: does it fit or does it fail?
نویسندگان
چکیده
منابع مشابه
Identifying the New Keynesian Phillips Curve
Phillips curves are central to discussions of inflation dynamics and monetary policy. New Keynesian Phillips curves describe how past inflation, expected future inflation, and a measure of real marginal cost or an output gap drive the current inflation rate. This paper studies the (potential) weak identification of these curves under generalized methods of moments (GMM) and traces this syndrome...
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ژورنال
عنوان ژورنال: Empirical Economics
سال: 2008
ISSN: 0377-7332,1435-8921
DOI: 10.1007/s00181-008-0241-y