Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the … consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …

Economic theory tells that a command system allocates resources poorly because of the impossibility of economic …

Economic theory tells that a command system allocates resources poorly because of the impossibility of economic …

Macro economist over the years have camped their argument on the tradeoff between inflation and unemployment on an … economy. As the monetary announcement of an economy has an important influence on both inflation and unemployment, this paper … reviews the existing literature to find out the relation between inflation and unemployment rate in Malaysia with special …