Theoretical Economics Letters

Vol.2 No.5(2012), Paper ID 25811, 5 pages

DOI:10.4236/tel.2012.25090

 

A Microeconomic Foundation for the Phillips Curve under Complete Markets without any Exogenous Price Stickiness: A Keynesian View

 

Masayuki Otaki, Yoshihiro Tamai

 

Institute of Social Science, University of Tokyo, Tokyo, Japan
Department of Economics, Kanagawa University, Yokohama, Japan

 

Copyright © 2012 Masayuki Otaki, Yoshihiro Tamai et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

 

How to Cite this Article

Otaki, M. and Tamai, Y. (2012) A Microeconomic Foundation for the Phillips Curve under Complete Markets without any Exogenous Price Stickiness: A Keynesian View. Theoretical Economics Letters, 2, 482-486. doi: 10.4236/tel.2012.25090.
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