Beck, Günter W. (contributor); Wieland, Volker (contributor) - 2006
Theory, Phillips Curve, European Central
Bank, Policy Under Uncertainty
1 Introduction
Contrary to the … economies.
2
On this basis, Gerlach (2003, 2004) has proposed to augment the standard
Phillips curve, which accounts for shorter … growth. Such an augmented Phillips curve unifies the two pillars of the
ECB in a single assessment of inflationary risks, and …