Sun, Rongrong - In: International Economics and Economic Policy 11 (2014) 4, pp. 575-597
This paper develops a series of tests to check whether the New Keynesian nominal rigidity hypothesis on the output-inflation … applied in the literature to address this hypothesis. Both cross-country and over-time variations in the output-inflation … tradeoff withstands new evidence. In so doing, I summarize and evaluate four different estimation methods that have been …