The Place of the Phillips Curve in Macroeconomic Models
AbstractThis paper discusses the origin of the Phillips curve and its place in macro models; its theoretical underpinnings; the logic of the natural rate hypothesis; and the view that macro models can be closed by the expectations-augmented Phillips curve.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 215.
Date of creation: 1976
Date of revision:
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- Boianovsky, Mauro, 2000. "Some Cambridge reactions to The General Theory: David Champernowne and Joan Robinson on full employment," Violette Reihe Arbeitspapiere 15/2000, Promotionsschwerpunkt "Globalisierung und Beschaeftigung".
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