Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,916,267,149 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

NKPC

    0.01 sec.
AcronymDefinition
NKPCNew Keynesian Phillips Curve
NKPCNational Korean Presbyterian Council (now National Council of Korean Presbyterian Churches)


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
References in periodicals archive?   Acronyms browser?   Full browser?
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.
 
 
 
Acronyms and Abbreviations
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.