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Interpreting the evidence for New Keynesian models of inflation dynamics

โœ Scribed by Ragnar Nymoen; Anders Rygh Swensen; Eivind Tveter

Book ID
113722660
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
295 KB
Volume
34
Category
Article
ISSN
0164-0704

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## Abstract We take an agnostic view of the Phillips curve debate, and carry out an empirical investigation of the relative and absolute efficacy of Calvo sticky price (SP), sticky information (SI), and sticky price with indexation models (SPI), with emphasis on their ability to mimic inflationary