Hashmat Khan

External Author

Show all

Staff Working Papers

New Phillips Curve with Alternative Marginal Cost Measures for Canada, the United States, and the Euro Area

Staff Working Paper 2001-25 Edith Gagnon, Hashmat Khan
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.
Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Inflation and prices JEL Code(s): E, E3, E31

See More