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Product market regulation, trend inflation and inflation dynamics in the new Keynesian Phillips curve

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  • Bloch, Laurence
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    Abstract

    In this empirical paper, we take a close look at the impact of the observed decline in the product market regulation, and hence in the barriers to entry and in impediments to competition, on inflation dynamics since the early 1980s.

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    Bibliographic Info

    Article provided by Elsevier in its journal Economic Modelling.

    Volume (Year): 29 (2012)
    Issue (Month): 5 ()
    Pages: 2058-2070

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    Handle: RePEc:eee:ecmode:v:29:y:2012:i:5:p:2058-2070

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    Web page: http://www.elsevier.com/locate/inca/30411

    Related research

    Keywords: Firm entry; Product market regulation; New Keynesian Phillips Curve; Trend inflation; Inflation dynamics; VAR;

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    Cited by:
    1. Bloch, Laurence, 2013. "Entry of firms and cost of disinflation in New Keynesian models," Economics Letters, Elsevier, vol. 119(3), pages 268-271.

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