Alfred Maussner
The Analytics of New Keynesian Phillips Curves
Abstract:
This paper introduces the reader into the apparatus behind the
popularNew Keynesian Phillips (NKPC) curve. It derives several
log-linear versionsof this curve and recursive formulations of the
Calvo-Yun price staggeringmodel that is behind this curve. These
formulations can be used for higher-orderapproximations of the NKPC or
for implementations that use othernon-linear solution techniques, as,
e.g., projection methods.
JEL: E31, E37, E43, E47
Paper:
Paper available as
pdf-file.
Beitrag Nr. 313, Volkswirtschaftliche Diskussionsreihe, Institut
für
Volkswirtschaftslehre der Universität Augsburg
Contact:
Alfred
Maussner, University of Augsburg, Department of Economics,
D-86135
Augsburg,
Germany, phone +49-821-598-4187, fax +49-821-598-4231
email: alfred.maussner@wiwi.uni-augsburg.de
Bo., 17.11.2010