@TechReport{iza:izadps:dp646, author={Graham, Liam and Snower, Dennis J.}, title={The Return of the Long-Run Phillips Curve}, year={2002}, month={Nov}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={646}, url={https://www.iza.org/index.php/publications/dp646}, abstract={This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long-run inflation-unemployment tradeoff.}, keywords={inflation;unemployment;Phillips curve;nominal inertia;monetary policy;forward-looking expectations}, }