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Short-Run and Long-Run Effects of Milton Friedman's Presidential Address

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NBER2017-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24148
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The immediate effect of Friedman's 1968 AEA presidential address on the economics profession was the introduction of an adaptive term in the Phillips curve that shifted the curve, as Friedman proposed, based on expected inflation. Initial formulations suggested that the shift was less than point-for
提供机构:
美国国家经济研究局
创建时间:
2017-12-01
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