.I derive a generalized NKPC in an optinizing model with the non- constant hazard function and trend inflation. Memory emerges … effects of the increasing hazard function on the inflation dynamics . The model can jointly account for persistent dynamics of …

dynamics. I derive a generalized New Keynesian Phillips curve featuring a generalized hazard function, non-zero steady state …

a constant hazard function is easily rejected by the data. The empirical hazard function for post-1983 periods in the U …

This paper explores implications of nominal rigidity characterized by a non-constant hazard function for aggregate … dynamics. I derive the NKPC under an arbitrary hazard function and parameterize it with the Weibull duration model. The … numerical evaluation shows that the increasing hazard function leads to hump-shaped impulse responses of inflation to monetary …

.I derive a generalized NKPC in an optinizing model with the non- constant hazard function and trend inflation. Memory emerges … effects of the increasing hazard function on the inflation dynamics . The model can jointly account for persistent dynamics of …

of the average unemployment duration and the hazard function based on these data obtained in the earlier research are …

-distributed labor adjustment process to capture the increasing hazard function corroborated by the micro data. My principal findings are …. When introducing the Weibull labor adjustment, the aggregate dynamics vary with the extent of increasing hazard function, e …-distributed labor adjustment pro- cess to capture the increasing hazard function corroborated by the micro data. My prin- cipal findings …