The Phillips curve represents the link between the business cycle and infation and constrains the actions of policymakers. In this paper, we study the optimal long-run rate of infation in the presence of a hybrid Phillips ...

Since the start of the recent financial crisis, the salaries of CEO's have constantly made headlines and the issue of management compensation has taken center stage in the public arena. For example, Barack Obama, the US ...

Since the start of the recent financial crisis, the salaries of CEO’s have constantly made headlines and the issue of management compensation has taken center stage in the public arena. For example, Barack Obama, the US ...