Partial indexation, trend inflation, and the hybrid Phillips curve
نویسندگان
چکیده
منابع مشابه
Product Market Regulation, Trend Inflation and Inflation Dynamics in the New Keynesian Phillips Curve
In this empirical paper, we take a close look at the impact of observed changes in the product market regulation, which raises barriers to entry and empediments to competition, on inflation dynamics since the early 1980s. We use an enlarged new Keynesian Phillips curve (NKPC) allowing for entry of firms and for increasing competitive pressures with the number of firms and non zero trend inflati...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2006
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2005.07.002