Kandil, Magda - In: Journal of Economic Studies 33 (2006) 6, pp. 406-436
output growth, price inflation, wage inflation, and real wage growth vary with respect to anticipated and unanticipated … factor in differentiating the expansionary and contractionary effects of fiscal and monetary shocks. Higher price inflation …, larger price deflation, relative to inflation, moderates output contraction, relative to expansion in the face of government …