Accesso libero

Microeconomic Foundation of the Phillips Curve

INFORMAZIONI SU QUESTO ARTICOLO

Cita

Calvo, G. A. (1983) Staggered prices in a utility-maximizing framework. Journal of Monetary Economics, 12, 383-398.10.1016/0304-3932(83)90060-0Search in Google Scholar

Erceg, C., Henderson D. and A. Levin (1998) Trade-offs between inflation and output-gap variances in an optimizing-agent model, International Finance Discussion Papers, Board of Governors of the Federal Reserve System, No.627.Search in Google Scholar

Erceg, C., Henderson D. and A. Levin (2000), Optimal monetary policy with staggered wage and price contracts, Journal of Monetary Economics, 46, 281-313.10.1016/S0304-3932(00)00028-3Search in Google Scholar

Lucas, R.E. Jr. (1972). Expectations and the neutrality of money. Journal of Economic Theory, 4, 103-124.10.1016/0022-0531(72)90142-1Search in Google Scholar

Mankiw, N. G. and Reis, R. (2002). Sticky information versus sticky prices: a proposal to replace the new Keynesian Phillips curve, Quarterly Journal of Economics, 117, 1295-1328.10.1162/003355302320935034Search in Google Scholar

Otaki, M. (2007) The Dynamically Extended Keynesian Cross and the Welfare-Improving Fiscal Policy. Economics Letters, 96, 23–29.10.1016/j.econlet.2006.12.005Search in Google Scholar

Otaki, M. (2009) A Welfare Economics Foundation for the Full-Employment Policy. Economics Letters, 102, 1–3.10.1016/j.econlet.2008.08.003Search in Google Scholar

Otaki, M. (2011) Fundamentals of the Theory of Money and Employment (Kahei-Koyo Riron no Kiso (in Japanese). Keiso Shobo.Search in Google Scholar

Otaki, M. (2015) Keynesian Economics and Price Theory: Re-orientation of a Theory of Monetary Economy, Springer.10.1007/978-4-431-55345-8Search in Google Scholar

Otaki, M. (2016) Keynes’s General Theory Reconsidered in the Context of the Japanese Economy. Springer.10.1007/978-4-431-55915-3Search in Google Scholar

Otaki, M and M. Tamai (2012) A Microeconomic Foundation for the Phillips Curve under Complete Markets without any Exogenous Price Stickiness: A Keynesian View, Theoretical Economics Letters, 2, 482-486.10.4236/tel.2012.25090Search in Google Scholar

Taylor, J. (1979) Staggered wage setting in a macro model. American Economic Review, 69, 108-113.Search in Google Scholar

Taylor, J. (1980) Aggregate dynamics and staggered contracts. Journal of Political Economy, 88, 1-23.10.1086/260845Search in Google Scholar

Woodford, M. (2003) Interest and Prices, Princeton University Press.Search in Google Scholar