Hyperbolic Discounting and the Phillips Curve

Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables...

MoreLess

Year of publication:	2008-04-01
Authors:	Graham, Liam ; Snower, Dennis J.
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Arbeitslosigkeit \| unemployment \| Inflation \| Phillips-Kurve

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	226304 bytes 32 p. application/pdf
Series:	Universität Bonn - Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA) - Discussion Papers in 2008 Discussion Paper ; 3477 (2008)
Type of publication:	Book / Working Paper
Language:	English
Classification:	E20 - Consumption, Saving, Production, Employment, and Investment. General ; E40 - Money and Interest Rates. General ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; Ergonomic job analysis ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005859701