Musso, Alberto; Stracca, Livio; Dijk, Dick van - In: International Journal of Central Banking 5 (2009) 2, pp. 181-212
This paper provides a comprehensive analysis of the functional form of the euro-area Phillips curve over the past three decades. In particular, compared with previous literature, we analyze the stability of the relationship in detail, especially as regards the possibility of a time-varying mean...