Supply-side refinements and the New Keynesian Phillips Curve

被引：5
作者：
Matheron, J [1 ]
Maury, TP [1 ]
机构：
[1] Ctr Rech, DEER, DGEI, Banque France, F-75049 Paris 01, France
来源：
ECONOMICS LETTERS | 2004年 / 82卷 / 03期
关键词：
inflation; Phillips curve; real marginal cost; output gap;
D O I：
10.1016/j.econlet.2003.09.018
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We consider the empirical consequences for generalized method of moments (GMM) estimates of the New Keynesian Phillips Curve (NKPC) of allowing for a more refined supply-side than conventionally postulated. Under our production structure, both labor share and the output gap explain inflation dynamics. (C) 2004 Elsevier B.V. All rights reserved.
引用
收藏
页码：391 / 396
页数：6
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