Abbott, Brant; Martínez, Cristina - In: Economics Letters 101 (2008) 3, pp. 199-201
Previous work assessing the results of Lucas [Lucas, R., 1972, Expectations and the neutrality of money, Journal of Economic Theory 4, 103-124.] and the inflation-output trade-off is updated by incorporating recent data, avoiding spurious regressions and bootstrapping results. The relationship...