Carrera, César; Ramírez-Rondán, Nelson - Peruvian Economic Association - PEA - 2014
inflation. In terms of the sticky information theory, this environment may provide few incentives for agents to update … information on inflation and then a new slope of the sticky information Phillips curve should be observed. We estimate the degree … of information rigidity implied by the sticky information Phillips curve proposed by Mankiw and Reis (2002). Using …