13e.4 Expected inflation and the Phillips Curve. How the short run Phillips curve might shift

The basic framework of the Phillips Curve can be adapted for reflecting the key role of expectations. When the expected inflation is low, but actual inflation is high, companies will increase production and create jobs. However, as expectations will adapt, the output and unemployment will return to natural level.
Recorded at Bucharest University of Economic Studies. Inregistrat la Academia de Studii Economice din Bucuresti

Видео 13e.4 Expected inflation and the Phillips Curve. How the short run Phillips curve might shift канала Basarab Gogoneata