Monetary policy reaction function: Difference between revisions

Revision as of 10:30, 24 January 2006

Revision as of 10:31, 24 January 2006

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'''The Slope''' of the MPRF is:

'''1/Φ'''

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The MPRF is used hand in hand with the [[Phillips Curve]] to determine the effects of [[economic policy]]. This framework illustrates [[equilibrium]] levels of the [[unemployment rate]] and the [[inflation rate]] in a [[sticky-price model]].

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--[[User:Ajay Mittal|Ajay]] 01:22, 24 January 2006 (UTC)