Does the New Keynesian Phillips curve need countercyclical markups?
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DOI: 10.1016/j.econmod.2017.02.017
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More about this item
Keywords
Cyclicality of markups; New Keynesian Phillips curve; Permanent markup shock;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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