Similar Search Results

Escalators and elevators : a Phillips curve for Keynesians

Palley, Thomas I. - In: The Scandinavian journal of economics 96 (1994) 1, pp. 111-116

Persistent link: https://www.econbiz.de/10001157531

Does inflation grease the wheels of adjustment? : New evidence from the US economy

Palley, Thomas I. - In: International review of applied economics 11 (1997) 3, pp. 387-398

Persistent link: https://www.econbiz.de/10001234691

The backward bending Phillips curves : competing micro-foundations and the role of conflict

Palley, Thomas I. - In: Investigación económica : revista de la Faculdad de … 68 (2009), pp. 13-36

Persistent link: https://www.econbiz.de/10003954560

The economics of the Phillips Curve : formation of inflation expectations versus incorporation of inflation expectations

Palley, Thomas I. - 2011

This paper examines the theory of the Phillips curve, focusing on the distinction between "formation" of inflation expectations and "incorporation" of inflation expectations. Phillips curve theory has largely focused on the former. Explaining the Phillips curve by reference to expectation...

Persistent link: https://www.econbiz.de/10009530400

Money, fiscal policy, and interest rates : a critique of modern monetary theory

Palley, Thomas I. - 2013

This paper excavates the set of ideas known as modern monetary theory (MMT). The principal conclusion is that the macroeconomics of MMT is a restatement of elementary well-understood Keynesian macroeconomics. There is nothing new in MMT's construction of monetary macroeconomics that warrants the...

Persistent link: https://www.econbiz.de/10009746988