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Non-Clearing Goods Markets and the Capacity-Utilization Phillips Curve
Is the Phillips curve dead? I propose a simple New-Keynesian framework with goods market search-and-matching to link inflation and …
Konstantin Gantert
Most recent version
The Impact of Active Aggregate Demand on Utilization-Adjusted TFP
Non-clearing goods markets are an important driver of capacity utilization and total factor productivity (TFP). The trade-off between …
Konstantin Gantert
Cite Most recent version IWH DP 9/2022