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Output gap measurement and the New Keynesian Phillips curve for China

โœ Scribed by Chengsi Zhang; Yasutomo Murasawa


Book ID
116424338
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
449 KB
Volume
28
Category
Article
ISSN
0264-9993

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## Abstract Phillips curves are central to discussions of inflation dynamics and monetary policy. The hybrid new Keynesian Phillips curve (NKPC) describes how past inflation, expected future inflation, and a measure of real aggregate demand drive the current inflation rate. This paper studies the (