Defensive expectations : reinventing the Phillips curve as a policy mix / Liviu Voinea.
2021
HD5710.2
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Details
Title
Defensive expectations : reinventing the Phillips curve as a policy mix / Liviu Voinea.
Author
ISBN
9783030550455 (electronic bk.)
3030550451 (electronic bk.)
9783030550448 (hbk.)
3030550443
3030550451 (electronic bk.)
9783030550448 (hbk.)
3030550443
Published
Cham : Palgrave Macmillan, [2021]
Language
English
Description
1 online resource
Item Number
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.
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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
Print version: 9783030550462
Print version: 9783030550479
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Table of Contents
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.
2. An alternative theory of consumption
3. The post-crisis Phillips Curve: cumulative wage gap vs. inflation gap
4. Empirical evidence
5. Policy implications.