Boug, Pål; Cappelen, Adne; Swensen, Anders Rygh - In: Journal of Economic Dynamics and Control 34 (2010) 5, pp. 858-874
Several authors have questioned the evidence claimed by Galí and Gertler (1999) and Galí et al. (2001) that a hybrid version of the new Keynesian Phillips curve approximates European and US inflation dynamics quite well. We re-examine the evidence using the vector autoregressive framework and...
