Bardsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar - In: Oxford Bulletin of Economics and Statistics 66 (2004) s1, pp. 671-686
We give an appraisal of the New Keynesian Phillips curve (NPCM) as an empirical model of European inflation. The favourable evidence for NPCMs on euro-area data reported in earlier studies is shown to depend on specific choices made about estimation methodology. The NPCM can be re-interpreted as...
