Authors: I. Fedorenko, PhD in Economics, Associate prof., ORCID ID 0000-0002-2851-6856, G. Chornous, Doctor of Sciences (Economics), Prof., ORCID ID 0000-0003-4889-1247, V. Pylypchuk Taras Shevchenko National University of Kyiv, Kyiv, Ukraine
Annotation: The Hybrid New Keynesian Phillips Curve (HNKPC) was developed as a response to the apparent inertia in inflation the baseline New Keynesian Phillips curve leaved unexplained. Thus, the hybrid model combines two extreme cases – the traditional Phillips curve, and the purely forward-looking NKPC. The HNKPC also based on theoretical micro-foundations that aim to explain price stickiness and nominal rigidities. The paper is devoted to econometric testing and investigation the validity of the HNKPC (Calvo pricing model) for Ukraine.