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The dynamic properties of the The New Keynesian Phillips curve (NPC) is analysed within the framework of a small system of linear di.erence equations.We evaluate the empirical results of existing studies which uses ‘Euroland’ and US data. The debate has been centered around the...
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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...
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Regional colleges in Norway were reorganised in 1994 with the purpose of promoting efficiency and productivity. This is the first effort of checking what actually has happened afterwards with efficiency and productivity. DEA and Malmquist index approaches are used. Data for three years, 1994,...
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