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Phillips Curve. The main result is a time-varying natural rate of unemployment, which nevertheless continues to be an essential … historical concept to analyze inflation in a Structuralist version of the Phillips Curve where many forces determine the path of …
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The trade-off between output and unemployment has become an essential part of modern macroeconomics and is known as …
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Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the …
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. Empirical results concerning Europe and selected other industrial countries reveal that the cyclical link between unemployment …
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