An Open-Economy New Keynesian Phillips Curve for the U.K.
We estimate a pricing equation or "new Keynesian Phillips curve" (NKPC) obtained from a structural dynamic model of price setting based on Rotemberg [1982. Sticky prices in the United States. Journal of Political Economy 90(6), 1187-1211] and extended to capture employment adjustment costs...
| Main Authors: | , , |
|---|---|
| 格式: | Journal article |
| 語言: | English |
| 出版: |
Elsevier
2005
|