Defensive expectations : reinventing the Phillips curve as a policy mix / Liviu Voinea.
Voinea, Liviu, author.
2021
HD5710.2
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Title Defensive expectations : reinventing the Phillips curve as a policy mix / Liviu Voinea.
Author Voinea, Liviu, author.
ISBN 9783030550455 (electronic bk.)
3030550451 (electronic bk.)
9783030550448 (hbk.)
3030550443
DOI https://doi.org/10.1007/978-3-030-55045-5
Published Cham : Palgrave Macmillan, [2021]
Language English
Description 1 online resource
Other Standard Identifiers 10.1007/978-3-030-55045-5 doi
Call Number HD5710.2
Dewey Decimal Classification 331.13/720151
Summary This book takes us through the journey of the Phillips Curve to the present debate, dominated by the post-great recession puzzles and the challenges to the fundamental stable relationship between inflation and economic slack. Liviu makes an insightful contribution to the discussion and to our understanding of inflation dynamics by introducing the concept of cumulative wage gap as a measure of slack. Luis de Guindos, Vice President European Central Bank.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Digital File Characteristics text file
PDF
Source of Description Online resource; title from PDF title page (SpringerLink, viewed February 25, 2021).
Available in Other Form Print version: 9783030550448
Print version: 9783030550462
Print version: 9783030550479
Linked Resources Online Access
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All Resources
1. The Phillips Curve: what went wrong
2. An alternative theory of consumption
3. The post-crisis Phillips Curve: cumulative wage gap vs. inflation gap
4. Empirical evidence
5. Policy implications.

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