Defensive expectations: reinventing the phillips curve as a policy mix
Auteur :
Voinea, Liviu
Éditeur :
Springer Nature Switzerland AG
ISBN :
9783030550479
Date de publication :
11 déc. 2021
Dimensions :
21,0 x 14,8 cm
Langue :
Anglais
Pays d'origine :
Suisse
This book explains why inflation remains subdued after recessions, based on three revolutionary concepts: defensive expectations, compensatory savings, and cumulative wage gap.