Graham, Liam; Snower, Dennis J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
hyperbolic discounting leads to inflation having significant long-run effects on real variables... … leads to inflation having significant
long-run effects on real variables.
JEL Classification: E20, E40, E50 …
Keywords: inflation, unemployment, Phillips curve, nominal inertia, monetary policy,
dynamic general equilibrium …