"Time inconsistency" the Phillips curve example, an analysis for intermediate macroeconomics

This paper provides the algebra and a panel diagram to attempt to examine the so-called inflation unemployment (or Phillips curve, or aggregate supply) example, the most popular example in the literature when introducing the concept of "time inconsistency" or "dynamic inconsistency.&q...

Полное описание

Библиографические подробности

Опубликовано в::	The Philippine Review of Business and Economics Vol. LIII, No. 1 (June 2016), p. [97]-126.
Главный автор:	Natividad-Carlos, Fidelina B. (Автор)
Формат:	Analytics
Язык:	English
Опубликовано:	2016.
Предметы:	Macroeconomics. Phillip's curve. Rational expectations (Economic theory).
Online-ссылка:	https://forms.gle/KZjBv7aRtY6jiL5E9