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 …-market tightness and increases unemployment. In summary, the model predicts a positive relationship between inflation and unemployment … variable that affects the economy, unemployment and economic growth exhibit a negative relationship. …