%0 Report
        %A Graham, Liam
%A Snower, Dennis J.
        %T Hyperbolic Discounting and the Phillips Curve
        %D 2008
        %8 2008 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 3477
        %U https://www.iza.org/index.php/publications/dp3477
        %X Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables.
        %K inflation
%K unemployment
%K Phillips curve
%K nominal inertia
%K monetary policy
%K dynamic general equilibrium