NKPC

Acronym	Definition
NKPC	New Keynesian Phillips Curve
NKPC	National Korean Presbyterian Council (now National Council of Korean Presbyterian Churches)

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References in periodicals archive ?

The forward-looking NKPC implies a present-value (PV) relation for the price level.

Along the new Keynesian Phillips curve with nominal and real rigidities

Our main finding is that the NKPC performs equally well with both measures of marginal costs, output and unit labor costs.

Inflation dynamics and subjective expectations in the United States

The NKPC originated in descriptions of price setting by firms that possess market power.

The New Keynesian Phillips curve: lessons from single-equation econometric estimation

The structural analysis of inflation dynamics can be illustrated by examining the NKPC across both subsamples.

THE SWINGS OF U.S. INFLATION AND THE GIBSON PARADOX

We find, consistent with the NKPC, that inflation expectations matter.

A measure of price pressures

A number of authors have pointed to the advantages of the forward-looking NKPC model over the backward-looking one e.g.

An empirical investigation of the Phillips curve relationship for the Albanian economy

Second, inflation adjustment is depicted by the NKPC. Firms are subject to monopolistic competition and Calvo (1983) type staggered nominal price rigidities.

Public debt and inflation dynamics in a sticky price model

This is had news for the NKPC as a model of inflation and for monetary policy.

The monetarist-Keynesian debate and the Phillips curve: lessons from the Great Inflation

Like its closed-economy counterpart, the model consists of an (open economy) forward looking IS curve and a NKPC type relationship which determine output and inflation by allowing for monopolistic competition and staggered re-optimisation in the import market as in Calvo-type staggered price setting respectively.

Monetary policy, informality and business cycle fluctuations in a developing economy vulnerable to external shocks

The theory behind the NKPC implies that the parameter [lambda] is positive.

Inflation dynamics and the great recession

A number of studies have looked into a new version of the Phillips curve model, the so-called new Keynesian Phillips curve, or NKPC (Chadha, Masson, and Meredith, 1992; and Fuhrer and Moore, 1995); however, this approach is not within the scope of our work in this article.

Do labor market activities help predict inflation?

The New Keynesian Phillips Curve (NKPC) is a key component of much recent theoretical work on inflation.

The New Keynesian Phillips Curve and lagged inflation: a case of spurious correlation?