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. 2022 Aug 5;32(5):1419–1435. doi: 10.1007/s00191-022-00781-8

Fig. 4.

Fig. 4

Numerically simulated wage Phillips curve and analytical approximation. Solid curve: numerical solution w¯(L); dashed curve: analytical solution (the leading term of Eq. (18)). Parameters are set as follows: α = c = β = γ = 0.5