What people are saying - Write a review
We haven't found any reviews in the usual places.
8A1 Hypothetical Illustration of the Adjustment Process for a Price CatchUp Phillips Wage Model 70
The Rise of the Phillips Curve
Warts and All
7 other sections not shown
Other editions - View all
adaptive expectations aggregate aggregate demand analysis APROD assumed assumption average bargaining groups Canada Canadian labour market Canadian Phillips curve Canadian wage cent Chart COLA clauses consumer prices countercyclical demand and supply demand management policies disequilibrium econometric economic system economists excess demand excess labour demand existence expansionary explanatory variables firm fiscal policy help-wanted index important increase indirect tax inflation and unemployment inflation rate Keynesian economics labour market conditions labour supply level of unemployment long-run trade-off curve macroeconomic monetary offset Phillips wage curve Phillips-curve model policy-makers positive demand shock price catch-up price changes price coefficient price expectations price inflation price levels price movements rate of price rate of wage relationship scatter diagram shift statistical supply side sustainable trade-off curve theoretical unemployed Unemployment Insurance Unemployment Insurance Act unemployment rate unexpected inflation wage adjustment wage changes wage contracts wage determination process wage equation wage inflation wage settlements wage spillovers wage studies workers