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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.

Date: 2007
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https://doi.org/10.1111/j.0022-2879.2007.00010.x

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Journal Article: The Persistence of Inflation Versus That of Real Marginal Cost in the New Keynesian Model (2007)
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