"We study the long-run relation between money, measured by inflation or interest rates, and unemployment. We first discuss data, documenting a strong positive relation between the variables at low frequencies. We then develop a framework where both money and unemployment are modeled using...

The original research papers collected in this volume continue the development of discrete choice analysis, of related structural models for analysis of choice behavior, and of the statistical theory used in inference on these models. Most papers in the volume are revised versions of ones...

We study the long-run relation between money, measured by inflation or interest rates, and unemployment. We first discuss data, documenting a strong positive relation between the variables at low frequencies. We then develop a framework where both money and unemployment are modeled using...