TY  - RPRT
        AU  - Graham, Liam
AU  - Snower, Dennis J.
        TI  - Hyperbolic Discounting and the Phillips Curve
        PY  - 2008/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3477
        UR  - https://www.iza.org/publications/dp3477
        AB  - 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.
        KW  - inflation
KW  - unemployment
KW  - Phillips curve
KW  - nominal inertia
KW  - monetary policy
KW  - dynamic general equilibrium
        ER  -