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Robustness of the estimates of the hybrid New Keynesian Phillips curve

✍ Scribed by Jordi Galí; Mark Gertler; J. David López-Salido


Book ID
113725677
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
178 KB
Volume
52
Category
Article
ISSN
0304-3932

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Identifying the new Keynesian Phillips c
✍ James M. Nason; Gregor W. Smith 📂 Article 📅 2008 🏛 John Wiley and Sons 🌐 English ⚖ 227 KB

## 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 (