Holmberg, Karolina - Sveriges Riksbank - 2006
Phillips Curve
in a Small Open Economy
Karolina Holmbergy
Sveriges Riksbank Working Paper Series
No. 197
May 2006
Abstract
In …�ation.
Keywords: In�ation, New Keynesian Phillips curve, Real marginal cost, Small Open Economy,
GMM, Full Information Maximum … large parts a standard model used in the New Keynesian
literature. It is adopted to a small open economy by allowing …