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Staggered Wage Setting in a Macro Model
Staggered Wage Macro Model
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2015/8/5
Few economists now question the validity
of the Friedman-Phelps accelerationist hypothesis
that the Phillips curve is vertical in
the long run -at least as a first-order approximation.
Indeed. the...
Staggered Wage Setting in a Macro Model
Staggered Wage Macro Model
font style='font-size:12px;'>
2015/8/4
Few economists now question the validity
of the Friedman-Phelps accelerationist hypothesis
that the Phillips curve is vertical in
the long run -at least as a first-order approximation.
Indeed. the...