Estimating a New Keynesian Wage Phillips Curve

Estimating a New Keynesian Wage Phillips Curve
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Book Synopsis Estimating a New Keynesian Wage Phillips Curve by : Nicola Viegi

Download or read book Estimating a New Keynesian Wage Phillips Curve written by Nicola Viegi and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:


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We estimate a New Keynesian Phillips curve (NKPC) for Japan's economy. To obtain a better proxy of real marginal cost (RMC), we correct labor share by incorpora
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It has become customary to estimate the New Keynesian Phillips Curve (NKPC) with GMM using a large instrument set that includes lags of variables that are ad ho