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 inflation–unemployment dynamics during the recession and COVID-19 times in India and the UK. Using a generalized … recession and eventually turn to stagflation in India due to inflation caused by the weak supply side. However, in the UK, the …

prices, unemployment rates, and interest rates in nine countries that took distinctive approaches in tackling the pandemic …, where we introduce lockdowns as shocks to unemployment. Based on impulse response functions, we find that in most countries … the unemployment rate rose, interest rates fell or turned negative, and prices fell initially following the implementation …