It takes the average reader and 51 minutes to read Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating by Mr.Peter B. Clark
Assuming a reading speed of 250 words per minute. Learn more
Most empirical work on the U.S. Phillips curve has had a strong tendency to impose global linearity on the data. The basic objective of this paper is to reconsider the issue of nonlinearity and to underscore its importance for policymaking. After briefly reviewing the history of the Phillips curve and the basis for convexity, we derive it explicitly using standard models of wage and price determination. We provide some empirical estimates of Phillips curves and Phillips lines for the United States and use some illustrative simulations to contrast the policy implications of the two models.
Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating by Mr.Peter B. Clark is 51 pages long, and a total of 12,801 words.
This makes it 17% the length of the average book. It also has 16% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating aloud.
Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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