Korenok, Oleg; Radchenko, Stanislav; Swanson, Norman R. - In: Journal of Applied Econometrics 25 (2010) 1, pp. 31-54
We take an agnostic view of the Phillips curve debate, and carry out an empirical investigation of the relative and absolute efficacy of Calvo sticky price (SP), sticky information (SI), and sticky price with indexation models (SPI), with emphasis on their ability to mimic inflationary dynamics....
