Defensive expectations reinventing the Phillips curve as a policy mix /
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 unders...
| Main Author: | Voinea, Liviu, |
|---|---|
| Other Authors: | SpringerLink (Online service) |
| Format: | eBook |
| Language: | English |
| Published: |
Cham :
Palgrave Macmillan,
[2021]
|
| Physical Description: |
1 online resource. |
| Subjects: |
Table of 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.