Ascari, Guido (contributor); Merkl, Christian (contributor) - 2007
the IfW Symposium on "The Phillips Curve and the
Natural Rate of Unemployment," the Bundesbank-IWH workshop on "Monetary … zero in�ation steady state, which yields the
standard New Keynesian Phillips curve:5
^ t = Et^ t+1 + ^yt. (6)
Dropping the … model equations are: the Phillips
curve, the Euler equation and the labor supply/real wage rigidities equation (where ^wrt …