| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3734 |
| DP3734 Learning by Doing and Multiproduction Effects Over the Life Cycle: Evidence from the Semiconductor Industry | |
| Ralph Siebert | |
| 发表日期 | 2003-02-01 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | This Paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in the growth rate of the money supply. We examine the Phillips curve from the perspective of what we call ?frictional growth?, i.e. the interaction between money growth and nominal frictions. After presenting theoretical models of this phenomenon, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation-unemployment tradeoff for Spain and examine how recent policy changes have affected it. |
| 主题 | Labour Economics |
| 关键词 | Inflation-unemployment tradeoff Phillips curve Staggered wage contracts Nominal inertia Forward-looking expectations monetary policy |
| URL | https://cepr.org/publications/dp3734 |
| 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/532737 |
| 推荐引用方式 GB/T 7714 | Ralph Siebert. DP3734 Learning by Doing and Multiproduction Effects Over the Life Cycle: Evidence from the Semiconductor Industry. 2003. |
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