Lawless, Martina (contributor); Whelan, Karl (contributor) - 2007
might be
connected. The New Keynesian Phillips Curve (NKPC) proposes a relationship between
in ation and marginal costs, in … the New-Keynesian Phillips Curve (NKPC), has featured in many empirical studies in
recent years. In most of these recent … are identical across all rms, then it is well known that this model
implies a new-Keynesian Phillips curve (NKPC) for in …