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Time-Varying Phillips Curves

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NBER2014-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19790
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资源简介:
A growing theoretical literature argues that aggregate price flexibility and the inflation-output tradeoff faced by central banks should rise with microeconomic price change dispersion. However, there is little empirical work testing this prediction. I fill this gap by estimating time-varying
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2014-01-01
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