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The Return of the Long-Run Phillips Curve

Year of publication:
[2021]
Authors: Graham, Liam ; Snower, Dennis J.
Publisher: [S.l.] : SSRN
Subject: Phillips-Kurve | Phillips curve | Theorie | Theory | Mikrofundierung | Microfoundations
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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