framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …

highlight the essential properties of money under the conditions of uncertainty, which inevitably prefigures the existence of … involuntary unemployment and could – within a laissez faire, deregulated financial system – induce phases of endemic financial …

form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run). … be verified always that exist equal evolution of their variables or for others words, always that inflation and …

currency or an international central bank. This paper focuses on Hayek’s overall philosophy on international money mechanism … bank and his concerned over unstable arrangements in money mechanism,which, he believes, profoundly affects economic and …

undergone many criticisms and evolutions. The Phillips curve yet remains a fundamental tool for inflation forecasting and …

Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … twentieth century. The analysis reveals that the overall inflation-forecasting utility of the natural rate of unemployment … rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a …