ANTICIPATED INFLATION OF THE NOMINAL RATE OF INTEREST.
This article explores whether equation (1'' can be taken to characterize correctly the relationship between anticipated inflation and the nominal rate of interest. It considers Keynesian consumption and investment functions as factors determining production. Emphasis was given on the advantage of po...
| Publicado en: | Quarterly Journal of Economics Vol. 86; no. 2; pp. 212 - 226 |
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| Formato: | Artículo |
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Oxford University Press / USA
May72
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4966363&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4966363 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00335533 QJE jtl: Quarterly Journal of Economics issn: 00335533 maglogo: N pubinfo: dt: May72 vid: 86 iid: 2 pid: 622 pub: Oxford University Press / USA artinfo: ui: 4966363 10.2307/1880560 ppf: 212 ppct: 14 formats: tig: atl: ANTICIPATED INFLATION OF THE NOMINAL RATE OF INTEREST. aug: au: Sargent, Thomas J. affil: University of Minnesota National Bureau of Economic Research su: Price inflation Interest rates Equations Demand function Phillips curve Economics sug: subj: Price inflation Interest rates Equations Demand function Phillips curve Economics ab: This article explores whether equation (1'' can be taken to characterize correctly the relationship between anticipated inflation and the nominal rate of interest. It considers Keynesian consumption and investment functions as factors determining production. Emphasis was given on the advantage of positing a linear dependency of the desired stock capital on the level of income to rationalize the effects of the equation. Money and prices are integrated into the model via a demand function for a nominal balances and a version of a Phillips curve. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1972 holdings: @attributes: islocal: N |
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