Trend inflation and inflation persistence in the new keynesian philips curve - Federal Reserve Bank of New York Staff Reports Trend Inflation and

Trend inflation and inflation persistence in the new keynesian philips curve

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Federal Reserve Bank of New York Staff Reports Trend Inflation and Inflation Persistence in the New Keynesian Phillips Curve Timothy Cogley Argia M. Sbordone Staff Report no. 270 December 2006 This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in the paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors.
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