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
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
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.
Snower, Dennis J.
Ereignis
Veröffentlichung
(wer)
Kiel Institute for the World Economy (IfW)
(wo)
Kiel
(wann)
2007
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:21 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Graham, Liam
- Snower, Dennis J.
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2007
Ähnliche Objekte (12)
Hyperbolic discounting and the Phillips curve
Increasing returns to scale and the long-run Phillips curve
Hyperbolic discounting and positive optimal inflation
Hyperbolic discounting and positive optimal inflation
The return of the long-run Phillips curve
The real effects of money growth in dynamic general equilibrium
The return of the long-run Phillips curve
Hyperbolic discounting and positive optimal inflation
Increasing returns to scale and the long-run Phillips curve
Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy
Envy, guilt, and the Phillips curve
Envy, guilt, and the Phillips curve
Hyperbolic discounting and the Phillips curve
Increasing returns to scale and the long-run Phillips curve
Hyperbolic discounting and positive optimal inflation
Hyperbolic discounting and positive optimal inflation
The return of the long-run Phillips curve
The real effects of money growth in dynamic general equilibrium
The return of the long-run Phillips curve
Hyperbolic discounting and positive optimal inflation
Increasing returns to scale and the long-run Phillips curve
Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy
Envy, guilt, and the Phillips curve
Envy, guilt, and the Phillips curve
Hyperbolic discounting and the Phillips curve
Increasing returns to scale and the long-run Phillips curve
Hyperbolic discounting and positive optimal inflation
Hyperbolic discounting and positive optimal inflation
The return of the long-run Phillips curve
The real effects of money growth in dynamic general equilibrium
The return of the long-run Phillips curve
Hyperbolic discounting and positive optimal inflation
Increasing returns to scale and the long-run Phillips curve
Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy
Envy, guilt, and the Phillips curve