Aggregate Phillips Curve							
1990-2018							
		(1)	(2)	(3)	(4)	(5)	(6)
VARIABLES	LABELS	Core CPI inflation	Core CPI inflation	Core CPI inflation	Core CPI inflation	Core CPI inflation	Core CPI inflation
							
u_gap	Unemployment gap	-0.173**	-0.143***	-0.045	-0.080**		0.519**
		[0.070]	[0.044]	[0.038]	[0.038]		[0.255]
lug	First lag						-1.020**
							[0.448]
l2ug	Second lag						0.246
							[0.442]
l3ug	Third lag						0.193
							[0.242]
E_pi	Inflation expectations		1.285***		0.589***	0.636***	0.610***
			[0.172]		[0.157]	[0.164]	[0.155]
Core							
							
CPI							
							
inflation							
							
lpi	First lag			0.352***	0.235**	0.231**	0.257***
				[0.106]	[0.099]	[0.099]	[0.092]
l2pi	Second lag			0.417***	0.308***	0.306***	0.298***
				[0.091]	[0.095]	[0.095]	[0.105]
l3pi	Third lag			0.066	-0.041	-0.042	-0.060
				[0.085]	[0.091]	[0.091]	[0.085]
u_l	Unemployment rate					-0.081**	
						[0.039]	
Constant	Constant	2.501***	-0.997**	0.395**	-0.370	-0.063	-0.419
		[0.163]	[0.436]	[0.182]	[0.279]	[0.300]	[0.272]
							
Observations		114	114	114	114	114	114
L(0/3).u_l							-0.0617
t-stat							-1.624
se							0.0380
Standard errors in brackets							
*** p<0.01, ** p<0.05, * p<0.1