Understanding inflation and the implications for monetary policy : a Phillips curve retrospective / edited by Jeff Fuhrer [and others] ; foreword by Paul A. Samuelson.
Papers presented at a meeting held in June 2008 and sponsored by the Federal Reserve Bank of Boston.
Bibliography
Includes bibliographical references and indexes.
Summary
The 'Phillips curve' represents the inverse relationship between inflation & unemployment, & is a central concept in macroeconomic analysis. This volume offers an assessment of how more sophisticated analysis of prices & wage setting & inflation expectations have changed the nature of the curve.
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