| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3705 |
| DP3705 Kin Groups and Reciprocity: A Model of Credit Transactions in Ghana | |
| Eliana La Ferrara | |
| 发表日期 | 2003-02-01 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | This paper integrate microfoundations of wage staggering into a simple dynamic general equilibrium model with rational expectations. In this context we show that a permanent increase in money growth leads to a permanent increase in the rate of inflation and a permanent reduction in the level of unemployment. In short, we derive a microfounded long-run downward-sloping Phillips curve. |
| 主题 | Labour Economics |
| 关键词 | inflation Unemployment Phillips curve Nominal inertia monetary policy Forward-looking expectations |
| URL | https://cepr.org/publications/dp3705 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532731 |
| 推荐引用方式 GB/T 7714 | Eliana La Ferrara. DP3705 Kin Groups and Reciprocity: A Model of Credit Transactions in Ghana. 2003. |
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