文章基本信息

标题：Relative Price Adjustment and the UK Phillips Curve
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作者：A. nazif Catik ; Chris Martin
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2010
卷号：30
期号：3
页码：1737-1744
出版社：Economics Bulletin
摘要：We find that measures of the distribution of relative price changes are significant when included in a standard model of the UK Phillips curve based on time dependent price adjustment. Since the inclusion of these variables is not implied by this model but is implied by a state-dependent model of price adjustment or by a time-dependent model with allowance for heterogeneity among price-setters, we conclude that the familiar time-dependent model does not provide a complete account of the Phillips curve