Increasing returns to scale and the long-run Phillips curve

Arbeitspapier

A growing body of empirical evidence shows that there exists a long-run positive tradeoff between inflation and real macroeconomic activity. Within a New Keynesian framewok, we examine how increasing returns generate a positive long-run relation between inflation and output.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Quaderni di Dipartimento - EPMQ ; No. 203

Classification and Topics

• Classification: Wirtschaft ; Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data) ; Money and Interest Rates: General ; Monetary Policy, Central Banking, and the Supply of Money and Credit: General
• Subject: Phillips curve ; inflation ; increasing returns ; nominal inertia ; monetary policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Vaona, Andrea ; Snower, Dennis J.
• Event: Veröffentlichung
• (who): Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
• (where): Pavia
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/28859
• Last update: 10.03.2025, 11:45 AM CET