Staggered Wage Setting in a Macro Model

2016-01-01article940 citationsclosed

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

Few economists now question the validity of the Friedman-Phelps accelerationist hypothesis that the Phillips curve is vertical in the long run-at least as a first-order approximation. Indeed. the once controversial hvpothesis is now embodied in basic textboik

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2014Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve

2012The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?