| Description |
1 online resource |
| 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 |
| 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 |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (SpringerLink, viewed February 25, 2021) |
| Subject |
Phillips curve.
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Economic policy.
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Macroeconomics.
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Microeconomics.
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Economics.
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Economics
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economics.
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Phillips curve
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Economic policy
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Economics
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Macroeconomics
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Microeconomics
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| Form |
Electronic book
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| ISBN |
9783030550455 |
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3030550451 |
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