create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment …

We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating … higher levels of unemployment to lower inflation rates and more inequality. We then perform two sets of experiments to …

facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap … two groups both in the level and volatility of unemployment. We show that the racial unemployment gap is counter … unemployment is above average the gap increases by 0.6pp more than when aggregate unemployment is below average. In terms of policy …