Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev
equation
combined with the standard New Keynesian Phillips curve.
1
EF conclude that “of the
current crop of small … of the New Keynesian Phillips curve. Our
reinterpretation of the evidence on IS function stability takes two parts … optimizing IS equation (1) and as the
output gap term y
t
– y
t
* in the New Keynesian Phillips curve (2). Therefore, the …