Chu, Angus C.; Cozzi, Guido; Furukawa, Yuichi - School of Economics and Political Science, Universität … - 2013
This study analyzes the effects of inflation on the long-run nexus between unemployment and economic growth. We … variable that affects the economy, unemployment and economic growth exhibit a negative relationship. … opportunity cost of cash holdings leads to a decrease in innovation and economic growth, which in turn decreases labor …