Blar i Arbeidsnotater / Working Papers på emneord "New Keynesian Phillips curve"

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    • A Note on Inflation Persistence 

      Holden, Steinar; Driscoll, John C. (Working Papers;14/2002, Working paper, 2002)
      Macroeconomists have for some time been aware that the New Keynesian Phillips curve, though highly popular in the literature, cannot explain the persistence observed in actual inflation. We argue that one of the more ...

    • Modelling Inflation in the Euro Area 

      Jansen, Eilev S. (Working Papers;10/2004, Working paper, 2004)
      The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the ...