Add to ORKGThe results in this paper, based on estimating and testing price equations for 30 countries, do not support the standard view of the long-run relationship between unemployment and inflation. They overwhelmingly reject the dynamics implied by the standard view. Wage equations are also estimated and tested. The paper also attempts to estimate the functional form of the relationship between measures of demand pressure and price and wage levels, but no strong conclusions emerge.
This paper explains inflation and unemployment starting from new baseline models of price formation ...
Ever since the late 1950s, economists, policy makers and politicians, esp., in the developed world h...
I n most industrialized economies, periods of above average inflation tendto be associated with abov...
The results in this paper, based on estimating and testing price equations for 30 countries, do not ...
How inflation and unemployment are related in both the short run and long run is perhaps the key que...
OctoberThe Phillips curve depicted a trade-off between unemployment and inflation. As the economy gr...
The inflation equation, more commonly known as the Phillips curve, lies at the heart of modern macro...
The inflation equation, more commonly known as the Phillips curve, lies at the heart of modern macro...
This paper uses a multicountry econometric model to estimate what the inflation costs would have bee...
The relationship between the rate of inflation and the rate of unemployment is one of the most discu...
Modern theories of inflation incorporate a vertical long-run Phillips curve and are usually estimate...
Empirical evidence on inflation and unemployment suggests that they can be either positively or nega...
For much of the mid- to late-1990s, economists have wondered at the simultaneously low unemployment ...
The Phillips curve shows the trade-off relationship between the inflation and unemployment rates. A ...
We analyze the dynamics of inflation in an economy characterized by a forward-looking, staggered, pr...
This paper explains inflation and unemployment starting from new baseline models of price formation ...
Ever since the late 1950s, economists, policy makers and politicians, esp., in the developed world h...
I n most industrialized economies, periods of above average inflation tendto be associated with abov...
The results in this paper, based on estimating and testing price equations for 30 countries, do not ...
How inflation and unemployment are related in both the short run and long run is perhaps the key que...
OctoberThe Phillips curve depicted a trade-off between unemployment and inflation. As the economy gr...
The inflation equation, more commonly known as the Phillips curve, lies at the heart of modern macro...
The inflation equation, more commonly known as the Phillips curve, lies at the heart of modern macro...
This paper uses a multicountry econometric model to estimate what the inflation costs would have bee...
The relationship between the rate of inflation and the rate of unemployment is one of the most discu...
Modern theories of inflation incorporate a vertical long-run Phillips curve and are usually estimate...
Empirical evidence on inflation and unemployment suggests that they can be either positively or nega...
For much of the mid- to late-1990s, economists have wondered at the simultaneously low unemployment ...
The Phillips curve shows the trade-off relationship between the inflation and unemployment rates. A ...
We analyze the dynamics of inflation in an economy characterized by a forward-looking, staggered, pr...
This paper explains inflation and unemployment starting from new baseline models of price formation ...
Ever since the late 1950s, economists, policy makers and politicians, esp., in the developed world h...
I n most industrialized economies, periods of above average inflation tendto be associated with abov...