increased unemployment by 61.0 per cent decrease in the variation in expected inflation associated with a unit change in the … observed puzzling co-movement. The computation also indicates that decrease in expected variation in inflation, results in … variation between the potential and actual rates of unemployment over the study horizon, which confirms theoretical expectations …

Phillips Curve. The main result is a time-varying natural rate of unemployment, which nevertheless continues to be an essential … historical concept to analyze inflation in a Structuralist version of the Phillips Curve where many forces determine the path of …

relationship between the key macroeconomic tools of maintaining macroeconomic stability: inflation and unemployment. Our empirical … findings showed that unemployment rate and inflation are positively associated in Uzbekistan, which contradicts with the … Phillips curve. However, we found the Okun’s law holds which indicates an unemployment rate and economic growth are negatively …

The recent exacerbation of unemployment crisis in Nigeria stands to be a serious threat to both socio … present study explores the link between trade and unemployment for the case of Nigeria with the intention of exploring how the … unemployment crisis has been impacted within the dynamics of the country's trade performance. The empirical evidence shows that the …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …, just as in the Great Recession we anticipate deflation in the near future, coupled with rising joblessness and recession. …

The economic meltdown since 2008-9 has created disinflation, and even deflation in some countries in the Euro-area, in … disinflation and deflation push up the real interest rate, while growth and income declines, the leveraging problem becomes more … feedback loops, given the debt deflation, we demonstrate the possibility of unstable dynamics and downward spirals in the …

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … international standards and small relative to the large output shock. This paper explores Japan’s cyclical labor market response to …