. In particular, the consequences of inflation having discrete breaks in mean, for example caused by supply shocks and the … dynamic inflation terms of the Phillips curve. We suggest a method to account for the breaks in mean and obtain meaningful and … from more traditional approaches, most recently undertaken by Cogley and Sbordone (2008). -- Phillips curve ; inflation …

data. In particular, the consequences of inflation having discrete breaks in mean have not been studied adequately. We show … mean inflation and obtain meaningful and unbiased estimates of the short- and long-run Phillips curves in the United States. …

. In particular, the consequences of inflation having discrete breaks in mean, for example caused by supply shocks and the … dynamic inflation terms of the Phillips curve. We suggest a method to account for the breaks in mean and obtain meaningful and …

particular, the consequences of inflation having discrete breaks in mean have not been studied adequately. We show by means of … therefore spurious estimates of Phillips curves. We suggest a method to account for the breaks in mean inflation and obtain …