Flattening of the Phillips curve under low trend inflation

DOI10.1016/j.econlet.2015.04.027zbMath1364.91103OpenAlexW2035865618MaRDI QIDQ529735

Toyoichiro Shirota

Publication date: 9 June 2017

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2015.04.027

zbMATH Keywords

sticky priceskinked demand curvetrend inflation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)

Cites Work

• Staggered price setting with endogenous frequency of adjustment
• Optimal Interest-Rate Smoothing

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