The U.S. Phillips curve: The case for asymmetry
โ Scribed by Douglas Laxton; David Rose; Demosthenes Tambakis
- Publisher
- Elsevier Science
- Year
- 1999
- Tongue
- English
- Weight
- 234 KB
- Volume
- 23
- Category
- Article
- ISSN
- 0165-1889
No coin nor oath required. For personal study only.
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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 (