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Bank of Canada RSS Feedsen2024-03-28T20:36:15+00:00New Phillips Curve with Alternative Marginal Cost Measures for Canada, the United States, and the Euro Area
https://www.bankofcanada.ca/2001/12/working-paper-2001-25/
Recent research on the new Phillips curve (NPC) (e.g., Galí, Gertler, and López-Salido 2001a) gives marginal cost an important role in capturing pressures on inflation. In this paper we assess the case for using alternative measures of marginal cost to improve the empirical fit of the NPC.2001-12-01T12:06:34+00:00enNew Phillips Curve with Alternative Marginal Cost Measures for Canada, the United States, and the Euro Area2001-12-01Economic modelsInflation and pricesWorking Paper 2001-25 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-25.pdfNew Phillips Curve with Alternative Marginal Cost Measures for Canada, the United States, and the Euro AreaEdith GagnonHashmat KhanDecember 2001EE3E31