Curto Millet, Fabien - 2007
Keynesian Phillips Curve model. The popular alternative of using ?rule-of-thumb? expectations in such models empirically is also … found to be unrobust. Similarly, the conjecture by Akerlof et al. (2000) of a non-vertical long-run Phillips curve arising … from the presence of ?near-rational? expectations cannot be supported. The Mankiw and Reis (2002) Phillips curve based on …