Showing 1 - 10 of 91,638
economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the first unemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips … careful reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation …
Persistent link: https://www.econbiz.de/10010510926
economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …
Persistent link: https://www.econbiz.de/10011592229
economists to engage with Phillips’ famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …
Persistent link: https://www.econbiz.de/10010887051
This paper aims to contribute to the literature on the intellectual history of the economics discipline in Brazil and its p, in the early 1980s lace within the network of international transmission of economic ideas, by delving into the history of the Kaldor-Pazos-Simonsen mechanism, namely: the...
Persistent link: https://www.econbiz.de/10012925938
Irving Fisher long advocated inflation indexed bonds. I prove in the context of a multicommodity CAPM world that the …
Persistent link: https://www.econbiz.de/10014076190
The paper investigates the role played by Friedman’s interpretation of the Brazilian inflation in his 1967 formulation … of chronic inflation. It is argued that, as an empirical economist and in the absence of evidence from industrialized … countries, Friedman found in the Brazilian 1964-66 stabilization episode significant support for his argument about inflation …
Persistent link: https://www.econbiz.de/10011890130
The paper investigates how the Fed-MIT-Penn model incorporated the Phillips curve within its larger system of equations, after Milton Friedman's Presidential Address. Forder (2014) reconstructs the history of the Phillips curve's parabola arguing that the standard narrative is a myth; a myth he...
Persistent link: https://www.econbiz.de/10012867398
budget constraint, and accelerating inflation at the end of the 1960s, functional finance fell out of favor. The paper …
Persistent link: https://www.econbiz.de/10011794285
A.W.H. Phillips is little known to the economics profession today, except at the creator of the Phillips curve. Bollard's engaging biography tells the story of a provincial New Zealander and practical engineer, who emerges as a hero in World War II, and plots a spectacular rise from 3rd class...
Persistent link: https://www.econbiz.de/10011610247
The paper investigates the role played by Friedman's interpretation of the Brazilian inflation in his 1967 formulation … of chronic inflation. It is argued that, as an empirical economist and in the absence of evidence from industrialized … countries, Friedman found in the Brazilian 1964-66 stabilization episode significant support for his argument about inflation …
Persistent link: https://www.econbiz.de/10011893098