المستودع الأكاديمي جامعة المدينة

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

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dc.creator Karanassou, Marika
dc.creator Sala, Héctor
dc.creator Snower, Dennis J.
dc.date 2008
dc.date.accessioned 2013-10-16T06:02:32Z
dc.date.available 2013-10-16T06:02:32Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/4254
dc.identifier ppn:561197032
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4254
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 a theoretical model 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 Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1413
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E4
dc.subject E5
dc.subject J3
dc.subject E2
dc.subject E3
dc.subject ddc:330
dc.subject Inflation-unemployment tradeoff
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 Schätzung
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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