Norkute, Milda - Nationalekonomiska Institutionen, Ekonomihögskolan - 2013
NKPC in the Euro Area when this meta-analysis is used. Our results therefore raise doubts about the appropriateness of the … NKPC for the analysis of inflation dynamics and monetary policy in the Euro Area. … erroneous results if price-setting behaviour is heterogeneous. In this paper we therefore estimate the hybrid NKPC for the Euro …