Testing an alternative price-setting behavior in the new Keynesian Phillips curve: Extrapolative price-setting mechanism
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DOI: 10.1016/j.iref.2016.02.019
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More about this item
Keywords
Extrapolative price-setting; Inflation dynamics; New Keynesian Phillips curve; Forward-looking; Backward-looking;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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