Estimates of the Sticky-Information Phillips Curve for the United States
提出了一种实证方法，用于估计Mankiw和Reis提出的粘性信息菲利普斯曲线，并估算了美国信息粘性的平均持续时间，范围从三个季度到七个季度以上。
Mankiw and Reis (2002) have proposed a 'sticky-information'-based Phillips curve (SIPC) to address some of the concerns with the 'sticky-price'-based new Keynesian Phillips curve. In this paper, we present a methodology to empirically implement the SIPC and estimate its key structural parameter-the degree of information stickiness-for the United States. Using this methodology, we estimate average durations of information stickiness that range from three quarters (on the low side) to over seven quarters (on the high side).