Article ID Journal Published Year Pages File Type
5061878 Economics Letters 2008 4 Pages PDF
Abstract

We propose a way to test the New Keynesian Phillips Curve without having to estimate its structural parameters. We find that it does not exist as a combination of the structural parameters consistent with the US data. This might be due to the failure of the joint hypothesis of rational expectations.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A simple test of the New Keynesian Phillips Curve
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