In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …

estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …

limit to employment, enforced by monetary policy reacting upon conflict inflation, the effects of central bank independence … inflation in the European Monetary Union are discussed. Central bank independence seems to be associated with stable prices and … of the real costs of price stability. Therefore, the perspectives for employment and inflation in the European Monetary …