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We know from experience that weak economic growth increases the unemployment rate. In 1962 Okun proposed to measure … potential output in terms of unemployment gap. From this relation a direct link between increase in unemployment and output …
Persistent link: https://www.econbiz.de/10005510372
This article summarizes the studies about the Phillips curve in the Brazilian economy. Overall, the results are very sensitive to the time period, to the proxies adopted, to the econometric approach, and to the frequency and lags allowed to the variables. These results cast some doubts about the...
Persistent link: https://www.econbiz.de/10011372339
unemployment on inflation seems to present in short term. In the long run, the estimations do not able to detect any impact of … unemployment on the dynamic of inflation. Finally, the structural break marks the relationship between the exchange rate and …
Persistent link: https://www.econbiz.de/10010330593