The main topic of this paper is to challenge the rational nature of the agents' expectations and the structural effectiveness of the behaviorally micro-based New Keynesian Phillips Curve (NKPC). Building on previous results, we model this trade-off between the U.S inflation rate and a Unit Labor...

The current study takes place in the Phillips curve framework in which first, we look at determining econometrics models leading to characterize the dynamics of the main variables underlying the trade-off in uni-variate contexts. As a result, it appears that an adequate way to characterize the...

The current study takes place in the Phillips curve framework in which first, we look at determining econometrics models leading to characterize the dynamics of the main variables underlying the trade-off in uni-variate contexts. As a result, it appears that an adequate way to characterize the...

The main topic of this paper is to challenge the rational nature of the agents' expectations and the structural effectiveness of the behaviorally micro-based New Keynesian Phillips Curve (NKPC). Building on previous results, we model this trade-off between the U.S inflation rate and a Unit Labor...