المستودع الأكاديمي جامعة المدينة

Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy

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dc.creator Karanassou, Marika
dc.creator Sala, Héctor
dc.creator Snower, Dennis J.
dc.date 2003
dc.date.accessioned 2013-10-16T06:04:48Z
dc.date.available 2013-10-16T06:04:48Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/2909
dc.identifier ppn:360638589
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2909
dc.description This Paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in the growth rate of the money supply. We examine the Phillips curve from the perspective of what we call ‘frictional growth’, i.e. the interaction between money growth and nominal frictions. After presenting theoretical models of this phenomenon, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation-unemployment trade-off for Spain and examine how recent policy changes have affected it.
dc.language eng
dc.publisher Centre for Economic Policy Research London
dc.relation CEPR Discussion paper series / Centre for Economic Policy Research 3690
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E20
dc.subject E30
dc.subject E40
dc.subject E50
dc.subject J30
dc.subject ddc:330
dc.subject Phillips-Kurve
dc.subject Geldmengensteuerung
dc.subject Spanien
dc.title Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy
dc.type doc-type:workingPaper


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