Increasing returns to scale and the long-run Phillips curve

Andrea Vaona; Dennis Snower

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. -- Phillips curve ; Inflation ; Increasing returns ; nominal inertia ; monetary policy

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Year of publication:	2007
Other Persons:	Vaona, Andrea (contributor) ; Snower, Dennis J. (contributor)
Publisher:	Pavia
Subject:	Theorie \| Theory \| Skalenertrag \| Returns to scale \| Phillips-Kurve \| Phillips curve \| Neoklassische Synthese \| Neoclassical synthesis

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Extent:	Online-Ressource, 9, [3] S., Text graph. Darst.
Series:	Quaderni del Dipartimento di Economia Politica. - Pavia : [Verlag nicht ermittelbar], ZDB-ID 2159840-X. - Vol. 203
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat reader
Other identifiers:	hdl:10419/28859 [Handle]
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E20 - Consumption, Saving, Production, Employment, and Investment. General ; E40 - Money and Interest Rates. General ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003747545