This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

changes in output on unemployment are least sensitive for states with relatively large employment within government … manufacturing sectors. States with lower manufacturing employment have a less sensitive output to unemployment relationship, but the …

GDP growth, unemployment rate are more sensitive to the economic slowdown in Mainland China. Monetary easing from the ECB …