Arbeitspapier
Hyperbolic discounting and the Phillips curve
Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 3477
- Klassifikation
-
Wirtschaft
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
- Thema
-
Inflation
unemployment
Phillips curve
nominal inertia
monetary policy
dynamic general equilibrium
Phillips-Kurve
Lohnrigidität
Dynamisches Gleichgewicht
Geldpolitik
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Graham, Liam
Snower, Dennis J.
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2008
- Handle
- URN
-
urn:nbn:de:101:1-2008050232
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Graham, Liam
- Snower, Dennis J.
- Institute for the Study of Labor (IZA)
Entstanden
- 2008
Ähnliche Objekte (12)
Beyond capital and wealth : Challenges of the G20
Ideas for a new financial architecture
European unemployment : the insider-outsider explanation and its policy implications
Creating employment incentives
Redistribution through the Geithner Plan
Comment on "Dynamico : A multilevel programming model of world trade and development" by Antonio M. Costa
Challenges to social cohesion and approaches to policy reform
Hyperbolic discounting and the Phillips curve
The Socio-Economics of Pandemics Policy
Bread and bullets
The effectiveness of employment vouchers : a simple approach
Capitalism recoupled
Beyond capital and wealth : Challenges of the G20
Ideas for a new financial architecture
European unemployment : the insider-outsider explanation and its policy implications
Creating employment incentives
Redistribution through the Geithner Plan
Comment on "Dynamico : A multilevel programming model of world trade and development" by Antonio M. Costa
Challenges to social cohesion and approaches to policy reform
Hyperbolic discounting and the Phillips curve
The Socio-Economics of Pandemics Policy
Bread and bullets
The effectiveness of employment vouchers : a simple approach
Capitalism recoupled
Beyond capital and wealth : Challenges of the G20
Ideas for a new financial architecture
European unemployment : the insider-outsider explanation and its policy implications
Creating employment incentives
Redistribution through the Geithner Plan
Comment on "Dynamico : A multilevel programming model of world trade and development" by Antonio M. Costa
Challenges to social cohesion and approaches to policy reform
Hyperbolic discounting and the Phillips curve
The Socio-Economics of Pandemics Policy
Bread and bullets
The effectiveness of employment vouchers : a simple approach