Musy, Olivier; Aïssa, Mohamed Safouane Ben - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2009
This paper presents a classification of the different new Phillips curves existing in the literature as a set of choices based on three assumptions: the choice of the structure of price adjustments (Calvo or Taylor), the presence of backward indexation, and the type of price contracts (fixed...