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RBA Glossary definition for MC

MC – Markets Committee (of the BIS)

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A Structural Perspective on the Flattening Issue

2 Oct 2008 RDP 2008-05
Ken Kuttner and Tim Robinson
as derived in Galí and Gertler (1999), where β is the discount factor, mc is the real marginal cost and λ is its coefficient. ... What is interesting is that, except for the substitution of the real marginal cost mc for the conventional output gap,
https://www.rba.gov.au/publications/rdp/2008/2008-05/str-pers.html

Has the New-Keynesian Phillips Curve become Flatter?

2 Oct 2008 RDP 2008-05
Ken Kuttner and Tim Robinson
t. θβπ. t1. ωπ. t1. (1 ω)(1 θ)(1 βθ)mc. t. )z.
https://www.rba.gov.au/publications/rdp/2008/2008-05/has-new-key-phi.html