Karanassou, Marika (contributor); Sala, Hector (contributor) - 2008
equations to evaluate the slope of the PC and explain the evolution of inflation
and unemployment in the US from 1970 to 2006 … variables.
3.2 Data and Equations
Our sample spans the 1970-2006 period with annual frequency, and is obtained from the
IMF … series start in 1970 instead of 1960.
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Table 1: Definitions of variables.
Endogenous variables: Exogenous variables:
P
t …