Aggregate supply and potential output
By: Assaf Razin.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10294; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10294.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "The New-Keynesian aggregate supply derives from micro-foundations an inflation-dynamics model very much like the tradition in the monetary literature.  Inflation is primarily affected by: (i) economic slack; (ii) expectations; (iii) supply shocks; and (iv) inflation persistence.  This paper extends the New Keynesian aggregate supply relationship to include also fluctuations in potential output, as an additional determinant of the relationship.  Implications for monetary rules and to the estimation of the Phillips curve are pointed out"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/25/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.