Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3109Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Karanassou, Marika | - |
| dc.creator | Snower, Dennis J. | - |
| dc.date | 2002 | - |
| dc.date.accessioned | 2013-10-16T06:18:37Z | - |
| dc.date.available | 2013-10-16T06:18:37Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/3109 | - |
| dc.identifier | ppn:37702354X | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3109 | - |
| dc.description | The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions are backward- versus forward-looking. When economic agents, facing time-contingent, staggered nominal contracts, have a positive rate of time preference, the current wage and price levels depend more heavily on past variables (e.g. past wages and prices) than on future variables. Consequently, the long-run Philipps curvebecomes downward-sloping and, indeed, quite flat for plausible parameter values. This paper provides an intuitive account of how this long-run Philipps curve arises. | - |
| dc.language | eng | - |
| dc.publisher | Department of Economics, Queen Mary College London | - |
| dc.relation | Working paper series, Department of Economics, Queen Mary College, London 478 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | J3 | - |
| dc.subject | E2 | - |
| dc.subject | E5 | - |
| dc.subject | E3 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Inflation-unemployment tradeoff , wage-price staggering , monetary policy , forward- and backward looking wage-price behavior | - |
| dc.subject | Phillips-Kurve | - |
| dc.subject | Theorie | - |
| dc.title | An anatomy of the Phillips curve | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.