Staggered Wage Setting in a Macro Model
American Economic ReviewPublished 1 January 2016
John B. Taylor
Citations962
SJR quartileQ1
SJR score25.10
SNIP6.91
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Abstract
Few economists now question the validity of the Friedman-Phelps accelerationist hypothesis that the Phillips curve is vertical in the long run-at least as a first-order approximation. Indeed. the once controversial hvpothesis is now embodied in basic textboik
Keywords
Economics, Econometrics and Finance
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