"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...
| 发表在: | The Philippine Review of Business and Economics Vol. LIII, No. 1 (June 2016), p. [97]-126. |
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| 格式: | Analytics |
| 语言: | English |
| 出版: |
2016.
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| 在线阅读: | https://forms.gle/KZjBv7aRtY6jiL5E9 |