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

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© The Author(s) 2022, corrected publication 2022

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Fig. 6 — The parameter dependence of the wage Phillips curve. The dash-dotted curve is the same as the solid curve Fig. 4, with α = c = γ = β = 0.5. The numerical value of B is irrelevant to this figure, as we do not specify the scale of the vertical axis, and we just indicate it as B = B₁. The solid lines in each panel are obtained by changing the value of one parameter as follows: (a) c is increased from 0.5 to 0.9; (b) γ is decreased from 0.5 to 0.2; (c) B is increased by 20%; (d) β is increased from 0.5 to 0.6.