Publication
Jan 2014
This paper expands upon the price-price Phillips curve, by moving it beyond a closed economy context to an open economy with both commodity trade and capital mobility. This paper also considers the the efficiency wages Phillips curve in the setting of a monetary union (or country) with two member states (or regions).
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English (PDF, 46 pages, 584 KB) |
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Author | Andrea Vaona |
Series | Kiel Institute Working Papers |
Issue | 1904 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2014 Kiel Institute for the World Economy |