Dées, Stephane; Pesaran, M. Hashem; Smith, L. Vanessa; … - 2008
NKPC. -- Global VAR (GVAR) ; identification ; New Keynesian Phillips Curve ; trend-cycle decomposition …: Global VAR (GVAR), identification, New Keynesian Phillips Curve,
trend-cycle decomposition
Corresponding author:
M …
We begin with a standard closed economy New Keynesian Phillips Curve (NKPC). For countries
i =1,2,...,N and time periods …