Phillips curve and long-run inflation under commitment
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DOI: 10.1108/jes-06-2018-0229
Abstract: The purpose of this paper is to study the optimal long-run rate of inflation in the presence of a hybrid Phillips curve, which nests a purely backward-looking Phillips curve and the purely forward-looking New Keynesian… read more here.
Keywords: phillips curve; inflation; long run; run rate ... See more keywords