Publication
Jun 2007
This paper develops a framework to analyze unemployment and inflation together. They calibrate the model and discuss the extent to which it can account for salient aspects of a half century's experience with inflation, unemployment, interest rates and velocity. Moreover, they discuss optimal fiscal and monetary policy.
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English (PDF, 49 pages, 517 KB) |
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Author | Aleksander Berentsen, Guido Menzio, Randall Wright |
Series | Kiel Institute Working Papers |
Issue | 1334 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2007 Kiel Institute for the World Economy |