Haug, Alfred A.; King, Ian - In: Journal of Macroeconomics 41 (2014) C, pp. 42-52
inflation and unemployment in the long run, using quarterly US data from 1952 to 2010, and state-of-the art econometric methods … relationship between inflation and unemployment is positive in the long run. …. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads …