A Consistent Characterization of a Near-Century of Price Behavior
收藏NBER1980-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0455
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资源简介：
This paper demonstrates that the commonly used Expectational Phillips Curve (EPC) framework cannot explain the last eighty-seven years of aggregate price behavior in the United States. The EPC explanation, which in its most general form relates price change to expected inflation and the level of
提供机构：
美国国家经济研究局
创建时间：
1980-02-01
