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The return of the long-run Phillips curve
Graham, Liam; Snower, Dennis J. - 2002
This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long-run inflation-unemployment tradeoff.
Persistent link: https://www.econbiz.de/10010265568
Cover Image
The Return of the Long-Run Phillips Curve
Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long-run inflation-unemployment tradeoff.
Persistent link: https://www.econbiz.de/10005822071