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2007•Journal of money credit and bankingRequires access

The Persistence of Inflation Versus That of Real Marginal Cost in the New Keynesian Model

Julio J. Rotemberg

Open publisher page 5 citations

Abstract

This note provides an example where the New Keynesian Phillips Curve leads inflation to be substantially more persistent than the output gap.

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What this paper is about

This note provides an example where the New Keynesian Phillips Curve leads inflation to be substantially more persistent than the output gap.

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OpenAlex reports 5 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This note provides an example where the New Keynesian Phillips Curve leads inflation to be substantially more persistent than the output gap.

Key concepts: Economics, Inflation (cosmology), Keynesian economics, New Keynesian economics, Phillips curve, Persistence (discontinuity), Output gap, Marginal cost

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