Is There a Phillips Curve? A Full Information Partial Equilibrium Approach

Is There a Phillips Curve? A Full Information Partial Equilibrium Approach
Empirical tests of the New Keynesian Phillips Curve have provided results often inconsistent with microeconomic evidence. To overcome the pitfalls of standard estimations on aggregate data, a Full Information Partial Equilibrium approach is developed to exploit sectoral level data. A model featuring sectoral NKPCs subject to a... READ MORE...

Publication date: March 2018
ISBN 9781484345207
$18.00

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