The Analytics of New Keynesian Phillips Curves

Institut für Volkswirtschaftslehre der Universität Augsburg Beitrag Volkswirtschaftliche Diskussionsreihe No. 313

Posted: 30 Mar 2011

See all articles by Alfred Maussner

Alfred Maussner

University of Augsburg - Faculty of Business and Economics

Date Written: November 20, 2011

Abstract

This paper introduces the reader into the apparatus behind the popular New Keynesian Phillips (NKPC) curve. It derives several log-linear versions of this curve and recursive formulations of the Calvo-Yun price staggering model that is behind this curve. These formulations can be used for higher order approximations of the NKPC or for implementations that use other non-linear solution techniques, as, e.g., projection methods.

Keywords: New Keynesian Phillips Curve, Price Staggering, Solution of DSGE Models

JEL Classification: C63, E31, E32

Suggested Citation

Maussner, Alfred, The Analytics of New Keynesian Phillips Curves (November 20, 2011). Institut für Volkswirtschaftslehre der Universität Augsburg Beitrag Volkswirtschaftliche Diskussionsreihe No. 313, Available at SSRN: https://ssrn.com/abstract=1799184

Alfred Maussner (Contact Author)

University of Augsburg - Faculty of Business and Economics ( email )

Universitaetsstr. 16
86135 Augsburg
Germany
+49 821 598 4187 (Phone)
+49 821 598 4231 (Fax)

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