| dc.creator |
Graham, Liam |
|
| dc.creator |
Snower, Dennis J. |
|
| dc.date |
2003 |
|
| dc.date.accessioned |
2013-10-16T06:01:45Z |
|
| dc.date.available |
2013-10-16T06:01:45Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/2960 |
|
| dc.identifier |
ppn:362737851 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/2960 |
|
| dc.description |
This Paper integrates microfoundations of wage staggering into a simple dynamic general equilibrium model with rational expectations. In this context we show that a permanent increase in money growth leads to a permanent increase in the rate of inflation and a permanent reduction in the level of unemployment. In short, we derive a microfounded long-run downwardsloping Phillips curve. |
|
| dc.language |
eng |
|
| dc.publisher |
Centre for Economic Policy Research London |
|
| dc.relation |
CEPR Discussion paper series / Centre for Economic Policy Research 3691 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
E20 |
|
| dc.subject |
E30 |
|
| dc.subject |
E40 |
|
| dc.subject |
E50 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
Phillips-Kurve |
|
| dc.subject |
Mikroökonomische Fundierung |
|
| dc.subject |
Theorie |
|
| dc.title |
The return of the long-run Phillips curve |
|
| dc.type |
doc-type:workingPaper |
|