Macroeconomics 9th Edition by David Colander

تمرين 35

European Central Bank (ECB) governing council member Erkki Liikanen was quoted in a 2004 Wall Street Journal article as saying, "The stronger we get the productivity growth...he more room we will get in monetary policy (to keep interest rates low)."
a.Demonstrate his argument using the AS / AD model.
b.Demonstrate his argument using the Phillips curve model.