๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Money illusion and the long-run Phillips curve in staggered wage-setting models

โœ Scribed by Vaona, Andrea


Book ID
122810278
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
369 KB
Volume
67
Category
Article
ISSN
1090-9443

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


The Phillips curve as a long-run phenome
โœ Luca Colombo; Gerd Weinrich ๐Ÿ“‚ Article ๐Ÿ“… 2003 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 704 KB

In this paper we derive a Phillips curve as the image of a chaotic attractor of the state variables of a non-linear dynamical system describing the evolution of an economy. This has two important consequences: the Phillips curve in our model is a true long-run phenomenon, but to exploit the apparent