Arbeitspapier
Hyperbolic discounting and the Phillips curve
Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 3477
Klassifikation
Wirtschaft
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
Thema
Inflation
unemployment
Phillips curve
nominal inertia
monetary policy
dynamic general equilibrium
Phillips-Kurve
Lohnrigidität
Dynamisches Gleichgewicht
Geldpolitik
Theorie
unemployment
Phillips curve
nominal inertia
monetary policy
dynamic general equilibrium
Phillips-Kurve
Lohnrigidität
Dynamisches Gleichgewicht
Geldpolitik
Theorie
Ereignis
Geistige Schöpfung
(wer)
Graham, Liam
Snower, Dennis J.
Snower, Dennis J.
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2008
- Handle
- URN
-
urn:nbn:de:101:1-2008050232
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Graham, Liam
- Snower, Dennis J.
- Institute for the Study of Labor (IZA)
Entstanden
- 2008
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