A 'hybrid' monetary policy model: evidence from the Euro area
The New IS and Phillips curves state that output and inflation are purely forward-looking but this theory is conflicting with the empirical results. This note analyses how some augmented version of those curves, called hybrid IS and Phillips curves are more consistent with the data properties.
Year of publication: |
2002
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Authors: | Sahuc, Jean-Guillaume |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 9.2002, 14, p. 949-955
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Publisher: |
Taylor & Francis Journals |
Saved in:
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