2004, English, Article, Working paper edition: Aggregate supply and potential output [electronic resource] / Assaf Razin. Razin, Assaf.

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Bookmark: http://trove.nla.gov.au/version/10743482
Published
  • Cambridge, MA : National Bureau of Economic Research, c2004.
Language
  • English

Edition details

Title
  • Aggregate supply and potential output /​ Assaf Razin.
Author
  • Razin, Assaf.
Other Authors
  • National Bureau of Economic Research
Published
  • Cambridge, MA : National Bureau of Economic Research, c2004.
Medium
  • [electronic resource]
Series
Summary
  • "The New-Keynesian aggregate supply derives from micro-foundations an inflation-dynamics model very much like the tradition in the monetary literature. Inflation is primarily affected by: (i) economic slack; (ii) expectations; (iii) supply shocks; and (iv) inflation persistence. This paper extends the New Keynesian aggregate supply relationship to include also fluctuations in potential output, as an additional determinant of the relationship. Implications for monetary rules and to the estimation of the Phillips curve are pointed out"--National Bureau of Economic Research web site.
Notes
  • Title from PDF file as viewed on 1/​25/​2005.
  • Includes bibliographical references.
  • Also available in print.
Technical Details
  • System requirements: Adobe Acrobat Reader.
  • Mode of access: World Wide Web.
Language
  • English
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