Dufour, Jean-Marie; Khalaf, Lynda; Kichian, Maral - In: Journal of Economic Dynamics and Control 34 (2010) 9, pp. 1582-1595
We study the extent of empirical information that can be obtained from alternative structural New Keynesian inflation equations concerning the average duration of prices in the United States, given that such specifications may be hard to identify. Using four different indexation and...