The New Keynesian Phillips Curve: From Sticky Inflation to Sticky Prices

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The Formation of Expectations, Inflation, and the Phillips Curve (2018, methodology): “Zhang et al. (2009) suggest that survey expectations may contain information correlated with the contemporaneous error term if forecasts are collected in the middle of the current period as done, for”
Do Inflation Expectations Propagate the Inflationary Impact of Real Oil Price Shocks?: Evidence from the Michigan Survey (2015, unknown): “As commonly practised, the median is taken from the survey to quantify inflation expectations (e.g., Ang et al., 2007; Zhang et al., 2008; Harris et al., 2009).1 A natural question is whether the Michigan Survey, as a household survey, is an appropriate measure of inflation expectations compared to…”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, background): “The origins of the NKPC can be traced back to the late seventies, in the work of Fischer (1977) and Taylor (1979). The NKPC is a forward-looking model of inflation, according to which current inflation is determined by expected future inflation and marginal costs.”