Hi Prof. Pfeifer,
How can one obtain an expression for inflation with flexible prices based on the Phillips curve in the new Keynesian model. with sticky wages/ In the book of Gali (2015) I did not find the answer.
Thank You, Leonid
Hi Prof. Pfeifer,
How can one obtain an expression for inflation with flexible prices based on the Phillips curve in the new Keynesian model. with sticky wages/ In the book of Gali (2015) I did not find the answer.
Thank You, Leonid