The return of the long-run Phillips curve
Liam Graham, Dennis J. Snower
| Year of publication: |
November 2002
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| Authors: | Graham, Liam ; Snower, Dennis J. |
| Publisher: |
Bonn : IZA |
| Subject: | inflation | unemployment | Phillips curve | nominal inertia | monetary policy | forward-looking expectations | Phillips-Kurve | Mikrofundierung | Microfoundations | Theorie | Theory |
| Description of contents: |
This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long-run inflation-unemployment tradeoff.
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| Extent: | 1 Online-Ressource (15 Seiten) Illustrationen |
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| Series: | Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. IZA DP no. 646 |
| Type of publication: | Book / Working Paper |
| Type of publication (narrower categories): | Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
| Language: | English |
| Other identifiers: | hdl:10419/2921 [Handle] |
| Classification: | E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; E4 - Money and Interest Rates ; E3 - Prices, Business Fluctuations, and Cycles ; E2 - Consumption, Saving, Production, Employment, and Investment |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011415107