SOME INTRANATIONAL EVIDENCE ON OUTPUT-INFLATION TRADE-OFFS
نویسندگان
چکیده
منابع مشابه
Some Evidence on Trade-offs and Sorting
Wages or Fringes? Some Evidence on Trade-offs and Sorting The two key predictions of hedonic wage theory are that there is a trade-off between wages and nonmonetary rewards and that the latter can be used as a sorting device by firms to attract and retain the kind of employees they desire. Empirical analysis of these topics are scarce as they require detailed data on all monetary as well as non...
متن کاملSome International Evidence on Output-Inflation Tradeoffs
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive o...
متن کاملThe Inflation/Output Trade-off Revisited
Describing the nature of the trade-off between inflation and output or unemployment has long been difficult and controversial. The Friedman-Phelps hypothesis, that there is no long-run Phillips curve trade-off between inflation and unemployment, has clearly won over most macro-. economists, but the debate has continued over what, if any, trade-off remains. The subtle notion that an uncertain sh...
متن کاملExperimental Evidence on the Persistence of Output and Inflation
This paper presents experimental evidence from a monetary sticky price economy in which output and inflation depend on expectations of future inflation. In the unique stationary rational expectations equilibrium (REE) nominal demand shocks cause output and inflation to be white noise. In the experimental sessions, however, output and inflation display strong persistence and regular cyclical pat...
متن کاملNew Evidence on the Output Cost of Fighting Inflation
T he Federal Reserve has made significant progress toward price stability over the last two decades. The annual inflation rate has declined from 13 percent in the early 1980s to roughly 2 percent today. The current environment of low and stable inflation has fostered superior economic performance. Lower inflation has led to lower interest rates, which in turn have helped spur investment, foster...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 1999
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100599011037