Journal article icon

Journal article

An Open-Economy New Keynesian Phillips Curve for the U.K.

Abstract:

We estimate a pricing equation or "new Keynesian Phillips curve" (NKPC) obtained from a structural dynamic model of price setting based on Rotemberg [1982. Sticky prices in the United States. Journal of Political Economy 90(6), 1187-1211] and extended to capture employment adjustment costs and the openness of the United Kingdom. This model nests the baseline Gali and Gertler [1999. Inflation dynamics: a structural econometric analysis. Quarterly Journal of Economics 110, 127-159) and Sbordone...

Expand abstract

Actions


Access Document


Authors


Nicoletta Batini More by this author
Brian Jackson More by this author
Stephen Nickell More by this author
Journal:
Journal of Monetary Economics
Volume:
52
Issue:
6
Publication date:
2005
DOI:
URN:
uuid:eb54cdc2-98bd-4e43-afb5-f4b7f80300c5
Local pid:
oai:economics.ouls.ox.ac.uk:11027
Language:
English

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP