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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/2960
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Graham, Liam | | en_US |
| dc.contributor.author | | Snower, Dennis J. | | en_US |
| dc.date.accessioned | | 2009-01-28T14:13:31Z | | - |
| dc.date.available | | 2009-01-28T14:13:31Z | | - |
| dc.date.issued | | 2003 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/2960 | | - |
| dc.description.abstract | | 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.iso | | eng | | en_US |
| dc.publisher | | Centre for Economic Policy Research London | | - |
| dc.relation.ispartofseries | | CEPR Discussion paper series / Centre for Economic Policy Research 3691 | | - |
| dc.subject.jel | | E20 | | - |
| dc.subject.jel | | E30 | | - |
| dc.subject.jel | | E40 | | - |
| dc.subject.jel | | E50 | | - |
| dc.subject.ddc | | 330 | | - |
| dc.subject.stw | | Phillips-Kurve | | en_US |
| dc.subject.stw | | Mikroökonomische Fundierung | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | The return of the long-run Phillips curve | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 362737851 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online
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