Guilloux, Sophie (contributor); … - 2008
inflation to the output gap.
Keywords: inflation, globalization, Phillips curve, intra-industry trade, contestability, import … consumer price and (ii) for the flattening of the Phillips
curve, i.e. the lower sensitivity of inflation to the output gap … output gap.
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The dichotomy between nominal and real price changes does essentially apply in neo-keynesian frameworks with …