Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/3818
Authors: 
Vaona, Andrea
Snower, Dennis J.
Year of Publication: 
2006
Series/Report no.: 
Kiel Working Paper 1277
Abstract: 
A growing body of empirical evidence shows that there exists a long-run positive tradeoff between inflation and real macroeconomic activity. Within a New Keynesian framewok, we examine how increasing returns generate a positive long-run relation between inflation and output.
Subjects: 
Inflation
Increasing returns
Nominal inertia
Monetary policy
Phillips curve
JEL: 
E3
E20
E40
E50
Document Type: 
Working Paper

Files in This Item:
File
Size
155.75 kB





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