The analytics of New Keynesian Phillips curves

This paper introduces the reader into the apparatus behind the popular New Keynesian Phillips (NKPC) curve. It derives several log-linear versions of this curve and recursive formulations of the Calvo-Yun price staggeringmodel that is behind this curve. These formulations can be used for higher-order approximations of the NKPC or for implementations that use other non-linear solution techniques, as, e.g., projection methods.

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Year of publication:	2010
Authors:	Maußner, Alfred
Publisher:	Augsburg : Universität Augsburg, Institut für Volkswirtschaftslehre
Subject:	New-Keynesian Phillips Curve \| Theorie

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Series:	Volkswirtschaftliche Diskussionsreihe ; 313
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	64122785X [GVK] hdl:10419/70084 [Handle] RePEc:aug:augsbe:0313 [RePEc]
Classification:	E31 - Price Level; Inflation; Deflation ; E37 - Forecasting and Simulation ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E47 - Forecasting and Simulation
Source:	EconStor

Persistent link: https://www.econbiz.de/10010291750