TY - JOUR
TI - The asymmetry of the New Keynesian Phillips Curve in the euro-area
AU - Chortareas, G.
AU - Magonis, G.
AU - Panagiotidis, T.
JO - ECONOMICS LETTERS
PY - 2012
VL - 114
TODO - 2
SP - 161-163
PB - 
SN - 0165-1765
TODO - 10.1016/j.econlet.2011.09.035
TODO - null
TODO - Using a two-stage quantile regression framework, we uncover significant asymmetries across quantiles for all coefficients in an otherwise standard New Keynesian Phillips Curve (NKPC) for the euro area. A pure NKPC specification accurately captures inflation dynamics at high inflation quantiles. © 2011 Elsevier B.V.
ER -