Titlebook: Keynesian Economics and Price Theory; Re-orientation of a Masayuki Otaki Book 2015 Springer Japan 2015 Advanced Keynesian Economics.Critiq

哄騙

倫理學(xué)

The Phillips Curve and Inflation Theory Reconsideredheir children. Stagnation in labor productivity triggers disinflation. This is because the unit cost of production becomes expensive relative to an arbitrarily given future price. Thus, there emerges a negative causality between the unemployment rate and the inflation rate even though ad-hoc assumptions concerning price stickiness are excluded.

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