The Phillips curve as a long-run phenomenon in a macroeconomic model with complex dynamics

DOI10.1016/S0165-1889(02)00104-5MaRDI QIDQ951433zbMATH OpenOpenAlexFDO

Authors Luca Colombo, Gerd Weinrich

Publication date 24 October 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(02)00104-5

zbMATH Keywords

complex dynamicsPhillips curvenon-tâtonnement

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Dynamical systems in optimization and economics (37N40)

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Cites work

• A statistical method for detecting cycles in discrete dynamical systems
• Effective Demand and Stochastic Rationing
• Endogenous fixprices and sticky price adjustment of risk-averse firms
• Existence of an Exchange Equilibrium under Price Rigidities
• Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model
• Large Economies with Trading Uncertainty
• Large Economies with Trading Uncertainty: A Correction
• Neo-Keynesian Disequilibrium Theory in a Monetary Economy
• On the foundations of stochastic non-price rationing and the adjustment of prices
• On the theory of effective demand under stochastic rationing
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve

Cited in

(7)

• scientific article; zbMATH DE number 1977297 (Why is no real title available?)
• Nonlinear Phillips curves, complex dynamics and monetary policy in a Keynesian macro model
• The imperfect-common-knowledge Phillips curve: Calvo vs Rotemberg
• Keynesian macrodynamics and the Phillips curve: an estimated model for the U.S. economy
• Increasing returns to scale and the long-run Phillips curve
• scientific article; zbMATH DE number 5165617 (Why is no real title available?)
• Aggregate Phillips curves are not always vertical: Heterogeneity and mismatch in multiregion or multisector economies.

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