المستودع الأكاديمي جامعة المدينة

Long-run inflation-unemployment dynamics : the Spanish Phillips curve and economic policy

أعرض تسجيلة المادة بشكل مبسط

dc.creator Karanassou, Marika
dc.creator Sala, Héctor
dc.creator Snower, Dennis J.
dc.date 2002
dc.date.accessioned 2013-10-16T06:28:25Z
dc.date.available 2013-10-16T06:28:25Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/2920
dc.identifier ppn:361261527
dc.identifier ppn:361261527
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2920
dc.description This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in the growth rate of the money supply. We examine the Phillips curve from the perspective of what we call ?frictional growth?, i.e. the interaction between money growth and nominal frictions. After presenting theoretical models of this phenomenon, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation-unemployment tradeoff for Spain and examine how recent policy changes have affected it.
dc.language eng
dc.publisher Institut zur Zukunft der Arbeit Bonn
dc.relation IZA Discussion paper series 645
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J3
dc.subject E5
dc.subject E4
dc.subject E3
dc.subject E2
dc.subject ddc:330
dc.subject inflation-unemployment tradeoff , Phillips curve , staggered wage contracts , nominal inertia , forward-looking expectations , monetary policy
dc.subject Phillips curve
dc.subject staggered wage contracts
dc.subject nominal inertia
dc.subject forward-looking expectations
dc.subject monetary policy
dc.subject Phillips-Kurve
dc.subject Geldmengensteuerung
dc.subject Spanien
dc.title Long-run inflation-unemployment dynamics : the Spanish Phillips curve and economic policy
dc.type doc-type:workingPaper


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