Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve.

We review the main identification strategies and empirical evidence on the role of expectations in the New Keynesian Phillips curve, paying particular attention to the issue of weak identification. Our goal is to provide a clear understanding of the role of expectations that integrates across the di...

Full description

Bibliographic Details

Published in:	Journal of Economic Literature Vol. 63; no. 4; pp. 124 - 189
Main Authors:	Mavroeidis, Sophocles, Plagborg-Møller, Mikkel, Stock, James H.
Format:	Literature Review
Published:	American Economic Association Dec2025
Subjects:	Econometrics Phillips curve Inflation forecasting Sampling errors Estimation theory
Online Access:	View this record in EBSCOhost