The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but …

The evolution of the rate of price inflation and unemployment in Japan has been modeled within the Phillips curve … unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a link between inflation …-term inflation and unemployment forecast: the GDP deflator will be negative (between -0.5% and -2% per year) during the next 40 years …

Past and future evolution of inflation, (t), and unemployment, UE(t), in Japan is modeled. Both variables are … curve. This Phillips curve is characterized by a negative relation between inflation and unemployment and their synchronous … evolution: UE(t) = -0.94(t) + 0.045. Effectively, growing unemployment has resulted in decreasing inflation since 1982. A linear …