Showing 1 - 9 of 9
The conventional New Keynesian Phillips Curve (NKPC), driven by unit labor costs has been criticized for failing to match inflation dynamics and for explaining the duration of fixed price contracts. This paper extends recent attempts in the literature to find an alternative marginal cost proxy...
Persistent link: https://www.econbiz.de/10010929528
The New Keynesian Phillips Curve (NKPC), driven by unit labor costs has been criticized for failing to match inflation dynamics and for explaining the duration of price contracts. This paper extends recent attempts in the literature to improve the fit of the NKPC, by introducing a fuller...
Persistent link: https://www.econbiz.de/10011750130
Persistent link: https://www.econbiz.de/10011623596
Persistent link: https://www.econbiz.de/10011311419
The New Keynesian Phillips Curve (NKPC), driven by unit labor costs has been criticized for failing to match inflation dynamics and for explaining the duration of price contracts. This paper extends recent attempts in the literature to improve the fit of the NKPC, by introducing a fuller...
Persistent link: https://www.econbiz.de/10011763715
Persistent link: https://www.econbiz.de/10002088127
Persistent link: https://www.econbiz.de/10002770070
Persistent link: https://www.econbiz.de/10001726218
Persistent link: https://www.econbiz.de/10003880305