'Modern' Phillips Curves and the Implications For The Statistical Process of Inflation
| Data(s) |
06/08/2015
06/08/2015
18/06/2015
|
|---|---|
| Resumo |
'Modern' theories of the Phillips curve imply that inflation is an integrated, or near integrated process. This paper explains this implication and why these 'modern' theories are logically inconsistent with what is commonly known about the statistical process of inflation. |
| Identificador | |
| Idioma(s) |
en |
| Publicador |
University of Dundee |
| Relação |
SIRE DISCUSSION PAPER;SIRE-DP-2015-84 |
| Palavras-Chave | #Phillips curve #inflation #stationary #integrated #macroeconomics |
| Tipo |
Working Paper |
