## Stability and inflation: a volume of essays to honour the memory of A. W. H. Phillips |

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### Contents

On the Stochastic Unemployment Distribution Model and the LongRun | 3 |

Price Formation the Phillips Curve and Factor Shares | 21 |

Some Thoughts on Inflation and Unemployment from a Human Capital | 31 |

Copyright | |

14 other sections not shown

### Common terms and phrases

adjustment aggregate analysis ARMAX assume asymptotically Australian National University autocorrelation behaviour Bowley's law capital cent coefficients constant constraints costs decision analysis decision rules demand for labour determined developed discussion disturbances dynamic econometric Economic effects eigenvalues endogenous equation equilibrium equivalence class excess demand exogenous variables expected expenditure explanatory variables firms fluctuations foreign trade ratio function given gross national product growth rate Hannan hence hyperinflation identification problem implies important income claims incomes policy inflation inflationary interest rate Keynesian level of unemployment Lipsey matrix minimal model identifying condition monetary base monetary policy money illusion money supply money wages moving average natural rate optimal output parameters period Phillips curve polynomial price level production rate of change rate of increase rate of inflation rate of price real wage regression relation Section Series specification steady-state stochastic structure identified theoretical theory Turnovsky unemployment values vector wage share zero