Imbs, Jean; Jondeau, Eric; Pelgrin, Florian - In: Journal of Monetary Economics 58 (2011) 4, pp. 328-344
Sector-level Phillips curves are estimated in French data. There is considerable heterogeneity across sectors, with vastly different estimates of the backward looking component of inflation and the duration of nominal rigidities. A multi-sector model of inflation dynamics is calibrated on the...