Mankiw, N. Gregory; Reis, Ricardo - In: Handbook of monetary economics : volume 3, (pp. 183-229). 2010
This paper surveys the research in the past decade on imperfect information models of aggregate supply and the Phillips … strategically interact in their use of information. We discuss the foundations on which models of aggregate supply rest, as well as …. We derive the implications of these two classes of models for the existence of a nonvertical aggregate supply, the …