Publications
Publications
- February 2007
- Journal of Money, Credit & Banking
The Persistence of Inflation Versus that of Real Marginal Cost in the New Keynesian Model
By: Julio J. Rotemberg
Abstract
This note provides an example where the New Keynesian Phillips Curve leads inflation to be substantially more persistent than the output gap.
Keywords
Citation
Rotemberg, Julio J. "The Persistence of Inflation Versus that of Real Marginal Cost in the New Keynesian Model." Journal of Money, Credit & Banking 39, no. 1 (February 2007): 237–239.