Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating /

Most empirical work on the U.S. Phillips curve has had a strong tendency to impose global linearity on the data. The basic objective of this paper is to reconsider the issue of nonlinearity and to underscore its importance for policymaking. After briefly reviewing the history of the Phillips curve a...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Laxton, Douglas
Rannpháirtithe: Clark, Peter
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 1997.
Sraith:IMF Working Papers; Working Paper ; No. 1997/017
Rochtain ar líne:Full text available on IMF