Khan, Hashmat; Zhu, Zhenhua - In: Journal of Money, Credit and Banking 38 (2006) 1, pp. 195-207
Mankiw and Reis (2002) have proposed a 'sticky-information'-based Phillips curve (SIPC) to address some of the concerns with the 'sticky-price'-based new Keynesian Phillips curve. In this paper, we present a methodology to empirically implement the SIPC and estimate its key structural...