Does the expectations trap render the Natural-Rate Model invalid in the disinflationary zone?
Article Abstract:
An investigation into the political economy of the inflation-unemployment trade-off is expanded to include questions about the epistemological status of theory underpinning the orignal Phillips curve formulation, and the validity of the Natural-Rate Expectations Augmented Phillips (N-REAP) curve model. If the Phillips curve becomes horizontal at higher unemployment levels, policy-induced increases in unemployment cannot reduce inflation nor inflationary expectations. The policy conclusions derived from the N-REAP model are thus rendered invalid, or too slow in the disinflation region.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1997
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Pudding on the glitz
Article Abstract:
Pudding cakes are an alternative to traditional puddings and cakes. The secret is in the sauce which is formed while baking. The sauce of Country Spice Pudding contains cinnamon and nutmeg which add a somewhat spicy flavor. Chocolate Pudding Cake is all decadent chocolate.
Publication Name: Chatelaine
Subject: Women's issues/gender studies
ISSN: 0009-1995
Year: 1996
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Meet Charla Houston
Article Abstract:
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Publication Name: Co-Ed
Subject: General interest
ISSN: 0009-9724
Year: 1979
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