Drazen, Allan (contributor) - 2002 - [Elektronische Ressource]
-known
macroeconomic example is probably the “inflation bias” result of Barro and Gordon (1983).
(Readers familiar with the Barro … representative individual, whose
utility depends on fluctuations of unemployment and inflation around their target values.
Surprise … inflation will lower actual unemployment relative to the natural rate of unemployment,
where the representative individual …