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Defensive expectationsreinventing the Phillips curve as a policy mix /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Defensive expectationsby Liviu Voinea.
Reminder of title:	reinventing the Phillips curve as a policy mix /
Author:	Voinea, Liviu.
Published:	Cham :Springer International Publishing :2021.
Description:	xxvii, 196 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Phillips curve.
Online resource:	https://doi.org/10.1007/978-3-030-55045-5
ISBN:	9783030550455$q(electronic bk.)

Defensive expectationsreinventing the Phillips curve as a policy mix /
Voinea, Liviu.

Defensive expectationsreinventing the Phillips curve as a policy mix /[electronic resource] :by Liviu Voinea. - Cham :Springer International Publishing :2021. - xxvii, 196 p. :ill., digital ;24 cm.

1. The Phillips Curve: what went wrong -- 2. An alternative theory of consumption -- 3. The post-crisis Phillips Curve: cumulative wage gap vs. inflation gap -- 4. Empirical evidence -- 5. Policy implications.

This book takes us through the journey of the Phillips Curve to the present debate, dominated by the post-great recession puzzles and the challenges to the fundamental stable relationship between inflation and economic slack. Liviu makes an insightful contribution to the discussion and to our understanding of inflation dynamics by introducing the concept of cumulative wage gap as a measure of slack.Luis de Guindos, Vice President European Central Bank.

ISBN: 9783030550455$q(electronic bk.)

Standard No.: 10.1007/978-3-030-55045-5doiSubjects--Topical Terms:

526625
Phillips curve.

LC Class. No.: HD5710.2

Dewey Class. No.: 331.13720151

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505 0 $a 1. The Phillips Curve: what went wrong -- 2. An alternative theory of consumption -- 3. The post-crisis Phillips Curve: cumulative wage gap vs. inflation gap -- 4. Empirical evidence -- 5. Policy implications.
520 $a This book takes us through the journey of the Phillips Curve to the present debate, dominated by the post-great recession puzzles and the challenges to the fundamental stable relationship between inflation and economic slack. Liviu makes an insightful contribution to the discussion and to our understanding of inflation dynamics by introducing the concept of cumulative wage gap as a measure of slack.Luis de Guindos, Vice President European Central Bank.
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