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La Curva De Phillips Y La Crítica De Friedman

  • José Francisco Bellod Redondo

En este trabajo examinamos la crítica de Friedman a la Curva de Phillips. Asumiendo que el salario real equilibra el mercado de trabajo, demostramos la inconsistencia lógica del análisis de Friedman: la verticalidad de la curva de Phillips sólo es posible si el desequilibrio en el mercado de trabajo no afecta al stock de capital de la economía. Finalmente, aplicamos nuestro hallazgo a la economía española (1960 - 2003), utilizando la metodología VAR, obteniendo que la curva de Phillips tiene pendiente negativa en el largo plazo.

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File URL: http://www.eumed.net/ce/2007c/jfbr-phillips.htm
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Article provided by Grupo Eumed.net (Universidad de Málaga) in its journal Contribuciones a la Economía.

Volume (Year): (2007)
Issue (Month): 2007-12 (December)
Pages:

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Handle: RePEc:erv:contri:y:2007:i:2007-12:2
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  1. Gómez García, F. & Rebollo Sanz, Y. & Usabiaga Ibáñez, C., 2002. "Nuevas estimaciones de la NAIRU de la economía española: métodos directos," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 20, pages 509-530, Diciembre.
  2. Mankiw, N Gregory, 2001. "The Inexorable and Mysterious Tradeoff between Inflation and Unemployment," Economic Journal, Royal Economic Society, vol. 111(471), pages C45-61, May.
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  9. Eric Schaling, 1999. "The non-linear Phillips curve and inflation forecast targeting," Bank of England working papers 98, Bank of England.
  10. 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.
  11. N. Gregory Mankiw & Ricardo Reis, 2001. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," Harvard Institute of Economic Research Working Papers 1922, Harvard - Institute of Economic Research.
  12. Juan J. Dolado & J. David López-Salido & Juan L. Vega, 2000. "Unemployment and inflation persistence in Spain: Are there Phillips trade-offs?," Spanish Economic Review, Springer, vol. 2(3), pages 267-291.
  13. Inés P. Murillo & Carlos Usabiaga, . "Estimaciones De La Tasa De Paro De Equilibrio De La Economía Española A Partir De La Ley De Okun," Working Papers 15-03 Classification-JEL , Instituto de Estudios Fiscales.
  14. Gali, Jordi, 1992. "How Well Does the IS-LM Model Fit Postwar U.S. Data," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 709-38, May.
  15. Ana R. de Lamo & Juan J. Dolado, 1993. "Un modelo del mercado de trabajo y la restricción de oferta en la economía española," Investigaciones Economicas, Fundación SEPI, vol. 17(1), pages 87-118, January.
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  1. Curva de Phillips in Wikipedia Spanish ne '')
  2. Milton Friedman in Wikipedia Spanish ne '')

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