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A common method of evaluating the scope for demand expansion is to try to estimate a threshold rate of unemployment above which policies of demand stimulus are non-inflationary. However, this non-accelerating inflation rate of unemployment (NAIRU) seems to have been anything but stable over the...
Persistent link: https://www.econbiz.de/10010397996
A common method of evaluating the scope for demand expansion is to try to estimate a threshold rate of unemployment above which policies of demand stimulus are non-inflationary. However, this non-accelerating inflation rate of unemployment (NAIRU) seems to have been anything but stable over the...
Persistent link: https://www.econbiz.de/10009620846
Persistent link: https://www.econbiz.de/10011505953