Brissimis, Sophocles N.; Magginas, Nicholas S. - In: International Journal of Central Banking 4 (2008) 2, pp. 1-22
We examine the ability of the New Keynesian Phillips curve to explain U.S. inflation dynamics when inflation forecasts (from the Federal Reserve’s Greenbook and the Survey of Professional Forecasters) are used as a proxy for inflation expectations. The New Keynesian Phillips curve is estimated...