An Austrian rehabilitation of the Phillips Curve.
A study examined a similar model to that set out by William Niskanen in 2002, in which he estimated a Phillips curve for the U.S. using annual 1960–2000 data, and concluded that that the immediate effect of inflation is to reduce unemployment, confirming the traditional understanding of the Phillips...
| Publicado en: | CATO Journal Vol. 31; no. 1; pp. 87 - 99 |
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| Formato: | Artículo |
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Cato Institute
Winter 2011
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| Acceso en línea: | Ver este registro en EBSCOhost |