Anatomy of the Phillips Curve: Micro Evidence and Macro Implications
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We develop a bottom-up approach to estimate the slope of the primitive form of the New Keynesian Phillips curve, which features marginal cost as the real activity variable. Using quarterly micro data on prices, costs, and output, we estimate dynamic pass-through regressions that identify the slope
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美国国家经济研究局创建时间：
2023-06-01
