Economics, Econometrics and Finance
5 years ago

Revolutionizing economic forecasting with the New Keynesian Phillips Curve!

Economie teoretică şi aplicată
The new Keynesian Phillips Curve. Implications. Strengths and weaknesses
Rareș-Petru Mihalache, Dumitru Alexandru Bodislav

Paper Summary

The article explores the New Keynesian Phillips Curve, discussing its strengths and weaknesses. It looks at the history of the Phillips Curve and compares the standard and hybrid New Keynesian versions. The goal is to provide insight into this topic for further analysis. The evidence presented highlights the advantages and disadvantages of the NKPC and the hybrid NKPC.

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