Phillips curve 

1 - 2 van 2 voor phillips curve

appendix derivations dsge model pdf
... ph,t+k the firm chooses a price to maximise this subject to the demand curve it faces. this is made up by summing the demand from the domestic aggregators and ... d,t (mcr t -1+)+ 1+rt g(st) an exact non-linear new keynesian phillips curve. if you log-linearise this we get the same functional form as the standard nkpc ...
cpb.nl

Research Memorandum (set-up) [PFP#792279750]
... debate was dominated by the properties of the phillips curve. after the seminal contribution of friedman (1968), the idea that this curve offers a menu of different unemployment-inflation ... and its subsequent persistence have challenged the conventional wisdom embodied in the standard phillips curve, namely that equilibrium unemployment is fairly constant over time. this paper attempts to ...
cpb.nl  meer van deze site