The Phillips curve is central to discussions of inflation dynamics and monetary policy. In particular, the New Keynesian Phillips Curve is a valuable tool to describe how past inflation, expected future inflation, and real marginal cost or an output gap drive the current inflation rate. However, economists have had difficulty applying the New Keynesian Phillips Curve to real-world data due to empirical limitations. This paper overcomes these limitations...
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INFORMATION
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2019/09/17
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Document de travail de recherche sur les politiques
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WPS9018
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1
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1
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2019/09/17
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Disclosed
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The Moroccan New Keynesian Phillips Curve : A Structural Econometric Analysis
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trade and investment
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