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A MULTIMARKET APPROACH FOR ESTIMATING A NEW KEYNESIAN PHILLIPS CURVE

We propose a new approach for estimating a "hybrid" New Keynesian Phillips Curve (NKPC) that includes demand pressures coming from disequilibrium relations in three different markets: (1) monetary and financial, (2) international, and (3) labour. Econometric tests based on Chilean data indicate that...

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Bibliographic Details
Published in:Revista de Economía Aplicada
Main Authors: J.D. TENA, JORGE DRESDNER, IVÁN ARAYA
Format: Artigo
Language:Inglês
Published: Universidad de Zaragoza 2012
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Online Access:https://www.redalyc.org/articulo.oa?id=96924442002
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