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From:
The Grumpy Economist
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Maybe the price puzzle and NK model are right after all
https://www.grumpy-economist.com/p/maybe-the-price-puzzle-and-nk-model
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I recently ran in to a lovely paper by Neil White at Amherst, “The new Keynesian Price Puzzle: Reinterpreting Inflation Dynamics.” This post is closely related to my last one on the Lucas Phillips curve and that line of work.
