The Analytics of New Keynesian Phillips Curves

Maussner, Alfred

Abstract

The Analytics of New Keynesian Phillips Curves

Alfred Maussner

University of Augsburg - Faculty of Business and Economics

November 20, 2011

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

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

working papers series

Date posted: March 30, 2011

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: http://ssrn.com/abstract=1799184

Contact Information

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)