Anticipated Inflation, the Frequency of Transactions, and the Slope of the Phillips Curve
收藏NBER1980-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w0518
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资源简介:
This paper examines the effects of expected inflation on the responsiveness of output to nominal disturbances in the framework of a localized markets model. The mechanism described in the theoretical part of the paper is that expected inflation has a positive effect on the transaction frequency,
提供机构:
美国国家经济研究局
创建时间:
1980-07-01



