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A Note on Inflation Persistence

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NBER2001-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8690
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Macroeconomists have for some time been aware that the New Keynesian Phillips curve, though highly popular in the literature, cannot explain the persistence observed in actual inflation. We argue that two of the more prominent alternative formulations, the Fuhrer and Moore (1995) relative
创建时间:
2001-12-01
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