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...

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Detalles Bibliográficos
Publicado en:Journal of Economic Literature Vol. 63; no. 4; pp. 124 - 189
Autores principales: Mavroeidis, Sophocles, Plagborg-Møller, Mikkel, Stock, James H.
Formato: Literature Review
Publicado: American Economic Association Dec2025
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Acceso en línea:Ver este registro en EBSCOhost