Inflation Dynamics with a Generalized Lucas Phillips Curve
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https://www.nber.org/papers/w33888
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I investigate a generalized form of the Lucas (1972) Phillips curve, in which firms take varying amounts of time to learn aggregate demand, in standard textbook new-Keynesian models. This Phillips curve helps to reconcile the sharp divergence between the standard model on the one hand and the
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美国国家经济研究局创建时间：
2025-06-01
