Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy: Outcome of Globalization?
收藏NBER2007-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13280
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The paper provides a unified analysis of globalization effects on the Phillips curve and monetary policy, in a New-Keynesian framework. The main proposition of the paper is twofold. Labor, goods, and capital mobility flatten the tradeoff between inflation and activity. If policy makers are guided by
提供机构:
美国国家经济研究局
创建时间:
2007-07-01



