Le Page, Jean-Marie - In: Review of Economic Analysis : REA 16 (2024) 1, pp. 1-18
inflation rate and the unemployment rate. Moreover, as in traditional macroeconomic theory, according to this version of the …Nordhaus's theory of the "destructive game" (1994) is a central analysis of the policy mix. His theory showed that a … the inflation rate lower than either of the authorities would want. It explains indeed why Central Bank independence can …