English, Article, Journal or magazine article edition: Monetary Policy and the Hybrid Phillips Curve Christopher Martin; Costas Milas

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Bookmark: http://trove.nla.gov.au/version/145236
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Monetary Policy and the Hybrid Phillips Curve
Author
  • Christopher Martin
  • Costas Milas
Physical Description
  • preprint
Notes
  • RePEc:rim:rimwps:36-07
  • This paper argues that existing empirical models of interest rate rules are too simplistic. The hybrid Phillips curve implies that policymakers should respond to both current and expected future inflation rates, in contrast to existing models. We provide evidence that UK policymakers do this.
  • Optimal monetary policy; inflation persistence; Phillips curve
  • RePEc:kee:kerpuk:2007/​12
Language
  • English
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