The standard derivation of the accelerationist Phillips curve relates expected real wage inflation to the unemployment … rate and invokes a constant price markup and adaptive expectations to generate the accelerationist price inflation formula …, micro-level real wage dynamics have no observable implications for macro data on wage and price inflation …

Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past …

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 …