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NKPC |
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Unlike traditional formulations of the Phillips curve, the NKPC is derivable explicitly from a model of optimizing behavior on the part of price setters, conditional on the assumed economic environment (for example, monopolistic competition, constant elasticity demand curves, and randomly arriving opportunities to adjust prices) (Walsh 2003). Note that the NKPC has some of the flavor of a traditional Phillips curve in the sense that inflation varies positively in the short run with the output gap. |
NKPC |
NKNU NKNW NKO NKOA NKOB NKOC Nkole Nkolo, Zaire Nkomo Nkomo Nkomo, Joshua Nkomo, Joshua (Mqabuko Nyongolo) Nkomo, Joshua (Mqabuko Nyongolo) Nkonde Nkongsamba Nkore NKORL NKOS nkosi Nkosi Sikele' iAfrica Nkosi, Johannes NKOTB NKOV NKP NKPA NKPC NKPCTNKPD NKPHTS NKPP NKPS NKPT NKPW Nkr Nkr Nkr NKR-P1 NKRA NKRAF NKRC NKRD NKREC NKRF NKRI NKRL NKRO NKRT NKRTS Nkrumah Nkrumah Nkrumah, Kwame Nkrumah, Kwame NKRV NKS | |||||
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