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

页码：391 / 396

页数：6

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