model's prediction. In the presence of nominal price rigidity faster growth is shown to lead to lower unemployment if the … rate of inflation is relatively high, as was the case in the 1970s. In general, the effect of growth on unemployment is …The standard search model of unemployment predicts, under plausible assumptions about household preferences, that …

income. Hence effective education policies should be an essential component of any poverty-reduction strategy. …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …