EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/4030
  
Title:Hyperbolic discounting and the Phillips curve PDF Logo
Authors:Graham, Liam
Snower, Dennis J.
Issue Date:2007
Series/Report no.:Kieler Arbeitspapiere 1346
Abstract:Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run e¤ects on real variables.
Subjects:Inflation
Unemployment
Phillips curve
Monetary policy
Dynamic general equilibrium
Nominal inertia
JEL:E20
E40
E50
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

Files in This Item:
File Description SizeFormat
kap1346.pdf213.78 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/4030

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.