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New Keynesian Phillips Curve

NKPC,New Keynesian Phillips Curve,New Keynesian Phillips Curves

New Keynesian Phillips Curve - NKPC
Publications: 586| Citation Count: 5,839
Stemming Variations: New Keynesian Phillips Curves
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    • The new Keynesian Phillips curve (NPC) is the new standard model of the supply side in medium term macro models. The NPC is supported by a number of econometric studies that report significant and correctly signed estimates of parameters of interest...

    Ragnar Nymoen. The New Keynesian Phillips Curve: The joint evidence can imply refutat...

    • The New Keynesian Phillips Curve (NKPC) is a key building block in many modern macroeconomic models. This study assesses the empirical fit of the NKPC in Japan by estimating a variety of its specifications. Some empirical results suggest that introducing nominal interest rates into the pure forward-looking NKPC, which implies the existence of a cost channel for monetary policy, helps improve their ability to explain Japanese inflation dynamics...

    Masahiko Shibamoto. The Estimation of the New Keynesian Phillips Curve in Japan and Its Im...

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