Fuhrer, Jeffrey C.; Olivei, Giovanni P.; Tootell, … - 2009
tradition of “New Keynesian Phillips Curve” models (see, for example, Galí and Gertler
1999 and Christiano, Eichenbaum, and …, in the “New Keynesian” Phillips curve
tradition. It allows for a fraction of backward-looking or indexing price setters …,
incorporating this shift in parameters overturns the results of Atkeson and Ohanian
(2001). (6) In a structural model of the New …