LEADER 02726nam 22006855 450 001 9910483975303321 005 20220126102541.0 010 $a9783030550455 010 $a3030550451 024 7 $a10.1007/978-3-030-55045-5 035 $a(CKB)4100000011645177 035 $a(MiAaPQ)EBC6423166 035 $a(DE-He213)978-3-030-55045-5 035 $a(Perlego)3480669 035 $a(EXLCZ)994100000011645177 100 $a20201209d2021 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDefensive Expectations $eReinventing the Phillips Curve as a Policy Mix /$fby Liviu Voinea 205 $a1st ed. 2021. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2021. 215 $a1 online resource (XXVII, 196 p. 21 illus.) 300 $aIncludes index. 311 08$a9783030550448 311 08$a3030550443 327 $a1. The Phillips Curve: what went wrong -- 2. An alternative theory of consumption -- 3. The post-crisis Phillips Curve: cumulative wage gap vs. inflation gap -- 4. Empirical evidence -- 5. Policy implications. 330 $aThis book takes us through the journey of the Phillips Curve to the present debate, dominated by the post-great recession puzzles and the challenges to the fundamental stable relationship between inflation and economic slack. Liviu makes an insightful contribution to the discussion and to our understanding of inflation dynamics by introducing the concept of cumulative wage gap as a measure of slack.Luis de Guindos, Vice President European Central Bank . 606 $aMacroeconomics 606 $aEconomic policy 606 $aMicroeconomics 606 $aEconomics 606 $aInternational economic relations 606 $aMacroeconomics and Monetary Economics 606 $aEconomic Policy 606 $aMicroeconomics 606 $aPolitical Economy and Economic Systems 606 $aInternational Political Economy' 615 0$aMacroeconomics. 615 0$aEconomic policy. 615 0$aMicroeconomics. 615 0$aEconomics. 615 0$aInternational economic relations. 615 14$aMacroeconomics and Monetary Economics. 615 24$aEconomic Policy. 615 24$aMicroeconomics. 615 24$aPolitical Economy and Economic Systems. 615 24$aInternational Political Economy'. 676 $a331.13720724 676 $a332.414 700 $aVoinea$b Liviu$01224937 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910483975303321 996 $aDefensive expectations$92844178 997 $aUNINA