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- W1607904058 abstract "In this survey we first briefly present the basic structure and results of the New Keynesian model. We then particularly focus on the implications for inflation dynamics. We will show how considering models with time-varying trend inflation overcomes the initial difficulties of the New Keynesian Phillips Curve to match the empirical persistence of the time series for inflation. Inflation is highly persistent, but much of that persistence is due to shifts in trend inflation." @default.
- W1607904058 created "2016-06-24" @default.
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- W1607904058 date "2009-01-01" @default.
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- W1607904058 title "Il modello Neo-Keynesiano, politica monetaria e dinamica dell’inflazione. Perché l’inflazione è persistente?" @default.
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