The study mainly focused on the estimation and implementation of the concept of nonaccelerating inflation rate of unemployment (NAIRU) in prominent SAARC countries (Pakistan, Bangladesh, India, Sri Lanka and Nepal) by using a panel dataset during 1971- 2012. Three approaches (i.e. the pooled...

Keynes had many plausible things to say about unemployment and its causes. His "mercurial mind", though, relied on intuition, which means that he could not strictly prove his hypotheses. This explains why Keynes's ideas immediately invited bastardizations. One of them, the Phillips curve...

The study mainly focused on the estimation and implementation of the concept of nonaccelerating inflation rate of unemployment (NAIRU) in prominent SAARC countries (Pakistan, Bangladesh, India, Sri Lanka and Nepal) by using a panel dataset during 1971- 2012. Three approaches (i.e. the pooled...

The discussion over the relationship between the inflation, unemployment and economic growth has been relevant over the centuries to a wide range of economic interests. It is agreed among the researchers and economists that reaching the price stability, ceteris paribus, will have a beneficial...

This paper sheds light on economic policy discussions in the early 1960s about whether there is an optimal level of demand to maximise the rate of growth. This discussion was influenced by the Cold War, which urged policy makers particularly in the USA to achieve higher rates of growth than the...