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In 2008

RDP 2008-10: Solving Linear Rational Expectations Models with Predictable Structural Changes
RDP 2008-09: A Term Structure Decomposition of the Australian Yield Curve
RDP 2008-08: The Role of International Shocks in Australia's Business Cycle
RDP 2008-07: A Medium-scale Open Economy Model of Australia
RDP 2008-06: Promoting Liquidity: Why and How?
RDP 2008-05: Understanding the Flattening Phillips Curve
RDP 2008-04: A Small BVAR-DSGE Model for Forecasting the Australian Economy
RDP 2008-03: Monetary Transmission and the Yield Curve in a Small Open Economy
RDP 2008-02: Combining Multivariate Density Forecasts Using Predictive Criteria
RDP 2008-01: A Sectoral Model of the Australian Economy

Research Discussion Paper – RDP 2008-05 Understanding the Flattening Phillips Curve

Ken Kuttner and Tim Robinson

October 2008

Abstract
Download the Paper 318KB

Contents

Introduction
Reduced-form Flattening
A Structural Perspective on the Flattening Issue
Has the New-Keynesian Phillips Curve become Flatter?
Explaining the Flattening Phenomenon
Conclusions
References

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