The Analytics of New Keynesian Phillips Curves

Alfred Maussner ()

No 313, Discussion Paper Series from Universitaet Augsburg, Institute for Economics

Abstract: This paper introduces the reader into the apparatus behind the popularNew Keynesian Phillips (NKPC) curve. It derives several log-linear versionsof this curve and recursive formulations of the Calvo-Yun price staggeringmodel that is behind this curve. These formulations can be used for higher-orderapproximations of the NKPC or for implementations that use othernon-linear solution techniques, as, e.g., projection methods.

Keywords: inflation; New Keynesian Phillips curve; projection methods (search for similar items in EconPapers)
JEL-codes: E31 E37 E43 E47 (search for similar items in EconPapers)
Date: 2010-11
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:aug:augsbe:0313

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