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Introduction to the new Keynesian Phillips curve Author info | Abstract | Publisher info | Download info | Related research | Statistics Andrea Hornstein
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In most industrialized economies inflation tends to be pro-cyclical; that is, inflation is high during times of high economic activity. When economic activity is measured by the unemployment rate this statistical relationship is known as the Phillips curve.
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Article provided by Federal Reserve Bank of Richmond in its journal Economic Quarterly .
Volume (Year): (2008)
Issue (Month): Fall ()
Pages: 301-309
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Handle: RePEc:fip:fedreq:y:2008:i:fall:p:301-309:n:v.94no.4Contact details of provider: Web page: http://www.richmondfed.org/ More information through EDIRC
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Keywords: Inflation (Finance) ; Phillips curve ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Blanchard, Olivier Jean & Kiyotaki, Nobuhiro, 1987.
"Monopolistic Competition and the Effects of Aggregate Demand ,"
American Economic Review ,
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Stephen D. Williamson, 2008.
"New Keynesian economics : a monetary perspective ,"
Economic Quarterly ,
Federal Reserve Bank of Richmond, issue Sum, pages 197-218.
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Long, John B, Jr & Plosser, Charles I, 1983.
"Real Business Cycles ,"
Journal of Political Economy ,
University of Chicago Press, vol. 91(1), pages 39-69, February.
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Sargent, Thomas J & Wallace, Neil, 1975.
""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule ,"
Journal of Political Economy ,
University of Chicago Press, vol. 83(2), pages 241-54, April.
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Kydland, Finn E & Prescott, Edward C, 1982.
"Time to Build and Aggregate Fluctuations ,"
Econometrica ,
Econometric Society, vol. 50(6), pages 1345-70, November.
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Other versions: Gali, Jordi & Gertler, Mark, 1999.
"Inflation dynamics: A structural econometric analysis ,"
Journal of Monetary Economics ,
Elsevier, vol. 44(2), pages 195-222, October.
[Downloadable!] (restricted)
Other versions: Krause, Michael & López-Salido, J David & Lubik, Thomas, 2008.
"Inflation Dynamics with Search Frictions: A Structural Econometric Analysis ,"
CEPR Discussion Papers
6810, C.E.P.R. Discussion Papers.
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Other versions:
Michael Krause & David Lopez-Salido & Thomas Lubik, 2008.
"Inflation Dynamics With Search Frctions: A Structural Econometric Analysis ,"
CAMA Working Papers
2008-06, Australian National University, Centre for Applied Macroeconomic Analysis.
[Downloadable!] Michael U. Krause & Thomas A. Lubik & David López-Salido, 2008.
"Inflation dynamics with search frictions : a structural econometric analysis ,"
Working Paper
08-01, Federal Reserve Bank of Richmond.
[Downloadable!] Krause, Michael U. & Lopez-Salido, David & Lubik, Thomas A., 2008.
"Inflation dynamics with search frictions: A structural econometric analysis ,"
Journal of Monetary Economics ,
Elsevier, vol. 55(5), pages 892-916, July.
[Downloadable!] (restricted) Lucas, Robert Jr., 1972.
"Expectations and the neutrality of money ,"
Journal of Economic Theory ,
Elsevier, vol. 4(2), pages 103-124, April.
[Downloadable!] (restricted)
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