FERRI, Pietro; VARIATO, Anna Maria - In: Rivista Italiana degli Economisti 12 (2007) 3, pp. 347-364
The Phillips curve has been at the same time an econometric object, a trade-off curve and an analytical equation representing the aggregate supply in a macro model. The paper considers these aspects as they emerge from the so called new ®neoclassical synthesis'' models used for monetary policy....