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Nominal rigidity and some new evidence on the New Keynesian theory of the output-inflation tradeoff

โœ Scribed by Sun, Rongrong

Book ID
121562458
Publisher
Springer-Verlag
Year
2014
Tongue
English
Weight
496 KB
Volume
11
Category
Article
ISSN
1612-4804

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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