Karanassou, Marika (contributor); … - 2007
dynamics, persistence, wage-price staggering, new Phillips curve,
monetary policy, frictional growth
Corresponding author …. C59)
concludes ‘Almost all economists today agree that monetary policy influences unemploy-
ment, at least temporarily …-run Phillips curves are vertical. In other
words, there is no inflation "persistence" and the monetary policy has no real effects in …