Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve
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https://www.nber.org/papers/w11788
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资源简介:
Gal and Gertler (1999) developed a hybrid variant of the New Keynesian Phillips curve that relates inflation to real marginal cost, expected future inflation and lagged inflation. GMM estimates of the model suggest that forward looking behavior is dominant: The coefficient on expected future
提供机构:
美国国家经济研究局
创建时间:
2005-11-01



