Biblioteca
Comportamiento de los Precios en el Ciclo Económico: Análisis de la Evidencia para Chile
The assumption that prices follow a pro-cyclical behavior pattern has served to underpin various macroeconomics theories, one of its best known expressions being the ‘Phillips curve hypothesis’. Both for adherents and critics of this theory, the starting point for analysis has been a recognition that the price level displays a positive correlation with real output.
