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http://hdl.handle.net/10419/49377
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| Title: | | The efficiency wages Phillips curve: Closed economy versus open economy  |
| Authors: | | Vaona, Andrea |
| Issue Date: | | 2011 |
| Series/Report no.: | | Kiel Working Papers 1715 |
| Abstract: | | The paper extends the efficiency wages Phillips curve from a closed economy context to an open economy one with both commodity trade and capital mobility. Opening the trade account does not alter the slope of the Phillips curve, but it makes its position a function of the change of foreign and domestic outputs. Opening the capital account also alters the slope of the Phillips curve. |
| Subjects: | | Efficiency wages money growth Phillips curve inflation |
| JEL: | | E3 E20 E40 E50 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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