THE PHILLIPS CURVE IN A MATCHING MODEL
Following ideas in Hume, monetary shocks are embedded in the Lagos‐Wright model in a new way: There are only nominal shocks accomplished by individual transfers that are sufficiently noisy so that realizations of those transfers do not permit the agents to deduce much about the aggregate realization...
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| Volume: | 60 |
|---|---|
| Main Author: |
Hu, Tai‐Wei
Wallace, Neil |
| Format: | Journal Article |
| Language: | English |
| Zielgruppe: |
Academic |
| Place of publication: |
HOBOKEN WILEY 01.11.2019 Wiley Subscription Services, Inc |
| published in: | International economic review (Philadelphia) Vol. 60; no. 4; pp. 1469 - 1487 |
| Data of publication: | November 2019 |
| ISSN: |
0020-6598 1468-2354 |
| EISSN: |
1468-2354 |
| Discipline: | Economics |
| Bibliography: |
We are grateful to seminar participants at National Taiwan University, University of Bath, Penn State–Cornell Macro workshop, Richmond Fed, and UNSW. We are also grateful to the referees for helpful comments on an earlier draft of this article. |
| Subjects: | |
| Online Access: |
Fulltext |
| Database: | Social Sciences Citation Index Web of Knowledge Web of Science - Social Sciences Citation Index – 2019 Web of Science CrossRef Database information Databases - DBIS |