Paloviita, Maritta - In: Ensayos Económicos 1 (2009) 55, pp. 7-32
The New Keynesian Phillips curve is widely used in macroeconomics and monetary policy analysis. It is explicitly based … indexation, which is based on recent history of aggregate prices. When the New Keynesian Phillips curve is extended into open … intermediate goods. In this study we examine the empirical relevance of the New Keynesian Phillips curve relationship. Using pooled …