Arthur M. Okun's last book, Prices and Quantities, contributes a theory of universal wage and price stickiness, but … empirical characterization of price and wage changes over the last century in the U.S., U.K., and Japan, in order to demonstrate … to depend on both the level and rate of change of aggregate demand, by allowing demand to influence price- setting as …

This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in …Dieses Papier liefert einen empirischen Vergleich der Sticky-Price- und Sticky-Information-Phillips-Kurven und … betrachtet dazu die Inflationsdynamiken in sechs verschiedenen Ländern (USA, Großbritannien, Deutschland, Frankreich, Kanada und …