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• W2554037545 abstract "Abstract We unify aggregate-supply dynamics as a time-dependent susceptibility-mediated relationship between inflation and aggregate economic output. In addition to representing well various observations of inflation–output dynamics this parsimonious formalism provides a straightforward derivation of popular representations of aggregate-supply dynamics and a natural basis for economic-agent expectations as an element of inflation formation. Our formalism also illuminates questions of causality and time-correlation that challenge central banks for whom aggregate-supply dynamics is a key constraint in their goal of achieving macroeconomic stability." @default.
• W2554037545 created "2016-11-30" @default.
• W2554037545 creator A5018239633 @default.
• W2554037545 date "2017-03-01" @default.
• W2554037545 modified "2023-09-28" @default.
• W2554037545 title "Macroeconomic susceptibility, inflation, and aggregate supply" @default.
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• W2554037545 doi "https://doi.org/10.1016/j.physa.2016.10.075" @default.
• W2554037545 hasPublicationYear "2017" @default.
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