New Keynesian Phillips Curve with time-varying parameters
Sign Up to like & getrecommendations! Published in 2018 at "Empirical Economics"
DOI: 10.1007/s00181-018-1536-2
Abstract: I generalize the New Keynesian Phillips Curve model of Galí and Gertler (J Monet Econ 44:195–222, 1999) to allow for time-varying parameters. The parameter of interest measures the trade-off between inflation and real economic activity,… read more here.
Keywords: phillips curve; time varying; time; keynesian phillips ... See more keywords
Estimates of the New Keynesian Phillips Curve for Pakistan
Sign Up to like & getrecommendations! Published in 2019 at "Empirical Economics"
DOI: 10.1007/s00181-019-01659-8
Abstract: This paper presents estimates of the New Keynesian Phillips Curve (NKPC) for the agriculture, manufacturing and services sectors of Pakistan’s economy. The real marginal cost—derived from dynamic translog cost function—labour share of income and output… read more here.
Keywords: keynesian phillips; new keynesian; estimates new; curve pakistan ... See more keywords