Chagny, Odile; Reynès, Frédéric; Sterdyniak, Henri - In: Revue de l'OFCE 81 (2002) 2, pp. 205-244
This paper examines the notion of « equilibrium rate of unemployment » (ERU). An « asymmetric » wage-price setting based on a wage Phillips curve and on a price equation in level leads to a clear distinction between medium and long run ERU, as to a kind of reconciliation between WS/PS and...
