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Defensive Expectations = Reinventing...
~
Voinea, Liviu.
Defensive Expectations = Reinventing the Phillips Curve as a Policy Mix /
Record Type:
Language materials, printed : Monograph/item
Title/Author:
Defensive Expectations/ by Liviu Voinea.
Reminder of title:
Reinventing the Phillips Curve as a Policy Mix /
Author:
Voinea, Liviu.
Description:
XXVII, 196 p. 21 illus.online resource. :
Contained By:
Springer Nature eBook
Subject:
Macroeconomics. -
Online resource:
https://doi.org/10.1007/978-3-030-55045-5
ISBN:
9783030550455
Defensive Expectations = Reinventing the Phillips Curve as a Policy Mix /
Voinea, Liviu.
Defensive Expectations
Reinventing the Phillips Curve as a Policy Mix /[electronic resource] :by Liviu Voinea. - 1st ed. 2021. - XXVII, 196 p. 21 illus.online resource.
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.
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 understanding of inflation dynamics by introducing the concept of cumulative wage gap as a measure of slack.Luis de Guindos, Vice President European Central Bank .
ISBN: 9783030550455
Standard No.: 10.1007/978-3-030-55045-5doiSubjects--Topical Terms:
554837
Macroeconomics.
LC Class. No.: HB172.5
Dewey Class. No.: 339
Defensive Expectations = Reinventing the Phillips Curve as a Policy Mix /
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