Construct · 1 fields · 1 citations

sticky information Phillips curve: a standalone construct

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Macroeconomics

a model in which firms update their information only occasionally, so inflation responds gradually and disinflations are contractionary.

In macroeconomics, sticky information Phillips curve refers to a model in which firms update their information only occasionally, so inflation responds gradually and disinflations are contractionary. This meaning comes from Mankiw (2002) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

inflation3 fields · 4 citationsjingle · one word, three constructs information4 fields · 5 citationsjingle · one word, four constructs model3 fields · 3 citationsjingle · one word, three constructs

References

Mankiw, N. G., & Reis, R. (2002). Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve. The Quarterly Journal of Economics, 117(4), 1295-1328. https://doi.org/10.1162/003355302320935034

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