Wohltmann, Hans-Werner; Clausen, Volker - In: Journal of Economics and Statistics (Jahrbuecher fuer … 222 (2002) 2, pp. 230-257
The paper analyzes the dynamic effects of anticipated symmetric demand and supply side policies within the framework of a macroeconomic model of a small monetary union, which is characterized by asymmetric wage adjustment equations of Phillips' curve type. It is shown that an anticipated...