On Policy Implications of a Non-linear Phillips Curve in a Stochastic Environment
David Chappell
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David Chappell: University of Sheffield
No 1982025, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)
Abstract:
The purpose of this short note is to demonstrate that for those probality distributions for which it exists, an exact expression for E(U-1) may be derived without great difficulty.
Pages: 4
Date: 1982-06-01
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