The return of the long-run Phillips curve
Liam Graham, Dennis J. Snower
| Year of publication: |
November 2002
|
|---|---|
| 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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Erscheint auch als (Print-Ausgabe):
Graham, Liam *1968-*. The return of the long-run Phillips curve. - Bonn : IZA, 2002. - 15 S.
Persistent link: https://www.econbiz.de/10011415107