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 e¤ects on real variables.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1346
- Klassifikation
-
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
- Thema
-
Unemployment
Phillips curve
Monetary policy
Dynamic general equilibrium
Nominal inertia
Inflation
Phillips-Kurve
Lohnrigidität
Dynamisches Gleichgewicht
Geldpolitik
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Graham, Liam
Snower, Dennis J.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
- 10.03.2025, 10:42 UTC
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Graham, Liam
- Snower, Dennis J.
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2007
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