recessionsflashcards
change
sort:
best match
most recent
popularity
|
Social Networking
|
Found: 1 — Displaying 1 -
1
|
The Tradeoff between Inflation and Unemployment - Part 2 (April 15) - Flashcards: 9
Description: VI. Inertial Inflation and the Costs of Disinflation
A. Recessions and Disinflation
B. The reaction of expectations
C. A numerical example
D. The rule of thumb and the disinflation of the 1980s.
VII. Rational Expectations
A. The meaning of Rational Expectations
B. The short-run vertical Phillips Curve
C. Implication: costless inflation?
D. A less extreme version of rational expectations: no inertia in expectations, but long-term contracts.
E. The problem of credibility
VII. Conclud ...
Tags costless curve disinflation expectations inflation phillips rational recessions Author: kchia13 Created: 2009-04-19 |
Copyright © 2001-2012 Tuolumne Technology Group, Inc.