This paper examines the costs of inflation and unemployment encountered in the post-war Australian economy. The … analysis takes place under the assumption that a trade-off between inflation and unemployment has persisted over this period … lost, unemployment imposes a greater and more conspicuous cost to the economy than does inflation. …

/or the term structure of interest rates for Australian inflation forecasting, and assesses their in-sample and out …

Maintaining a low rate of inflation is very important to achieve sustainable economic growth but is a challenging task … achieve this goal of low inflation. Thus, a significant relationship between interest rates and inflation reveals the … effectiveness of monetary policy in controlling inflation. The Fisher hypothesis provides a theoretical basis for this relationship …

/or the term structure of interest rates for Australian inflation forecasting, and assesses their in-sample and out …