Parent Category: Article
Technology, Utilization, and Inflation: What Drives the New Keynesian Phillips Curve?
|Title||Technology, Utilization, and Inflation: What Drives the New Keynesian Phillips Curve? ||Author(S)||McADAM PETER (Author) |
|Abstract|| We argue that the New Keynesian Phillips Curve literature has failed to deliver a convincing measure of real marginal costs. We start from a careful modeling of optimal price setting allowing for nonunitary factor substitution, nonneutral technical change, and time-varying factor utilization rates. ...||Pagination||p 1547–1579|
|Journal Title||Journal of Money, Credit, and Banking|| || |
|Permanent Links||click here|| || |