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The Non-Linear Long-Run Phillips Curve: Implications for Monetary Policy

Author

Listed:
  • Russell, B.

Abstract

A Layard/Nickell imperfect competition model is used to derive the long-run Phillips Curve (LRPC).

Suggested Citation

  • Russell, B., 1996. "The Non-Linear Long-Run Phillips Curve: Implications for Monetary Policy," Economics Series Working Papers 99182, University of Oxford, Department of Economics.
    • Handle: RePEc:oxf:wpaper:99182
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    Cited by:

    1. Bill Russell, 2006. "Non-Stationary Inflation and the Markup: an Overview of the Research and some Implications for Policy," Dundee Discussion Papers in Economics 191, Economic Studies, University of Dundee.

    More about this item

    Keywords

    COMPETITION; ECONOMIC MODELS;

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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