External Competition Flattens the Phillips Curve
In this paper we elaborate an open economy Phillips curve (OEPC) with micro-founded analysis, in which external competition significantly impacts the domestic inflation rate. This influence is transmitted through two channels: a) the gap between the current and potential growth of imports, and b) re...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad de Huelva
2022
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |