Yao, Fang - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2009
distribution, New Keynesian Phillips Curve
I am grateful to Michael Burda, Heinz Herrmann, Mathias Ho�mann, Florian Kajuth …-dependent model of nominal rigidity
� la Wolman (1999) and derive the New Keynesian Phillips curve (NKPC) conditional on an
arbitrary … introduce the model with
generalized time-dependent pricing at the �rm�s level and derive the New Keynesian Phillips
curve …