Is There a Phillips Curve? : A Full Information Partial Equilibrium Approach /

Empirical tests of the New Keynesian Phillips Curve have provided results often inconsistent with microeconomic evidence. To overcome the pitfalls of standard estimations on aggregate data, a Full Information Partial Equilibrium approach is developed to exploit sectoral level data. A model featuring...

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Bibliografski detalji
Glavni autor: Piazza, Roberto
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2018.
Serija:IMF Working Papers; Working Paper ; No. 2018/044
Online pristup:Full text available on IMF