The Persistence of Inflation Versus That of Real Marginal Cost in the New Keynesian Model

Julio Rotemberg

Journal of Money, Credit and Banking, 2007, vol. 39, issue 1, 237-239

Abstract: This note provides an example where the New Keynesian Phillips Curve leads inflation to be substantially more persistent than the output gap. Copyright 2007 The Ohio State University.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:39:y:2007:i:1:p:237-239

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