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inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …
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In this study, annual time series data is utilized to estimate the effects of unemployment, wages and inflation on the …-run relationship, which reaches equilibrium in the long run. However, the effect of inflation and unemployment on trade enlargement is … considered variables GDP, CPI, wages and unemployment, there is a long run relationship, which reaches equilibrium for the …
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This volume challenges the view that unemployment is exclusively determined by structural characteristics of the labour market and the social benefit system. Macroeconomic policies and investment in capital stock are included in the analysis and are shown to have a major role to play.
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