Market Power, NAIRU, and the Phillips Curve

Table 1

95% HPDIs.

Parameters	2.50%	Mean	97.50%
(LHS)	3.028	7.385	12.000
(HS)	1.215	2.395	3.647
(B)	1.474	2.149	2.804
(LHS)	-5.205	-3.088	-1.081
(HS)	-1.523	-0.813	-0.139
(B)	-1.581	-0.995	-0.391
(LHS)	0.908	1.830	3.627
(HS)	0.104	0.210	0.414
(B)	0.071	0.144	0.286