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Academic Term Papers Catalog THE EXPECTATIONS-AUGMENTED PHILLIPS CURVE.
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| 10402. THE EXPECTATIONS-AUGMENTED PHILLIPS CURVE. (Phillips curve graphically relates inflation and unemployment.) Carefully discusses the microfoundations of the expectations-augmented Phillips curve. Identifies main policy implications. shows how the main results are affected if private agents form their expectations rationally. Discusses why the process whereby expectations are formed can be important for determining whether the monetary and fiscal authorities should follow strict policy rules or should instead implement discretionary stabilization policies. 2 charts. 6p. 1f. 1b. | $42 |
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