Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/2921 
Year of Publication: 
2002
Series/Report no.: 
IZA Discussion Papers No. 646
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long-run inflation-unemployment tradeoff.
Subjects: 
unemployment
Phillips curve
nominal inertia
monetary policy
forward-looking expectations
inflation
JEL: 
E5
E4
E3
E2
Document Type: 
Working Paper

Files in This Item:
File
Size
833.79 kB





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