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Estimating the New Keynesian Phillips Curve for Italian Manufacturing Sectors
The purpose of this paper is to test the general validity of the NKPC previsions for the Italian manufacturing industries. In particular, estimating the extent to which the degree of nominal inertia and the fraction of backward-looking price-setters differ from industry to industry.
Link
http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID657142_code114544.pdf?abstractid=657142&mirid=1