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Inflation and unemployment : a layperson's guide to the Phillips curve. 2006 annual report of the Federal Reserve Bank of Richmond

Author

Listed:
  • Jeffrey M. Lacker
  • John A. Weinberg

Abstract

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Suggested Citation

  • Jeffrey M. Lacker & John A. Weinberg, 2006. "Inflation and unemployment : a layperson's guide to the Phillips curve. 2006 annual report of the Federal Reserve Bank of Richmond," Annual Report, Federal Reserve Bank of Richmond, pages 5-29.
  • Handle: RePEc:fip:fedrar:y:2006:p:5-29
    as

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    File URL: http://www.richmondfed.org/publications/research/annual_report/2006/index.cfm
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    File URL: http://www.richmondfed.org/publications/research/annual_report/2006/pdf/article.pdf
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    References listed on IDEAS

    as
    1. Gali, Jordi & Gertler, Mark, 1999. "Inflation dynamics: A structural econometric analysis," Journal of Monetary Economics, Elsevier, vol. 44(2), pages 195-222, October.
    2. Fuhrer, Jeffrey C, 1997. "The (Un)Importance of Forward-Looking Behavior in Price Specifications," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(3), pages 338-350, August.
    3. Lucas, Robert E, Jr, 1996. "Nobel Lecture: Monetary Neutrality," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 661-682, August.
    4. Goodfriend, Marvin & King, Robert G., 2005. "The incredible Volcker disinflation," Journal of Monetary Economics, Elsevier, vol. 52(5), pages 981-1015, July.
    5. Thomas A. Lubik & Frank Schorfheide, 2004. "Testing for Indeterminacy: An Application to U.S. Monetary Policy," American Economic Review, American Economic Association, vol. 94(1), pages 190-217, March.
    6. Francois R. Velde, 2004. "Poor hand or poor play? the rise and fall of inflation in the U.S," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 34-51.
    7. Thomas Sargent & Noah Williams & Tao Zha, 2006. "Shocks and Government Beliefs: The Rise and Fall of American Inflation," American Economic Review, American Economic Association, vol. 96(4), pages 1193-1224, September.
    8. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
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