Chortareas, G.Magkonis, GeorgiosPanagiotidis, T.2014-04-252014-04-252012Chortareas, G., Magkonis, George, Panagiotidis, Theodore (2012) The asymmetry of the New Keynesian Phillips Curve in the euro-area. Economics Letters, 114 (2), 161-163.http://hdl.handle.net/10454/5913NoUsing a two-stage quantile regression framework, we uncover significant asymmetries across quantiles for all coefficients in an otherwise standard New Keynesian Phillips Curve (NKPC) for the euro area. A pure NKPC specification accurately captures inflation dynamics at high inflation quantiles.REF 2014New Keynesian Phillips CurveQuantile regressionEuro-areaAsymmetriesArticlehttps://doi.org/10.1016/j.econlet.2011.09.035