Wohltmann, Hans-Werner; Clausen, Volker - In: Jahrbücher für Nationalökonomie und Statistik 222 (2002) 2, pp. 230-257
Summary The paper analyzes the dynamic effects of anticipated symmetric demand and supply side policies within the framework of a macroeconomic model of a small monetary union, which is characterized by asymmetric wage adjustment equations of Phillips’ curve type. It is shown that an...