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inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …
Persistent link: https://www.econbiz.de/10013236402
inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …
Persistent link: https://www.econbiz.de/10012491801
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facing an inflation-unemployment trade-off. …This paper is focused on Modern Monetary Theory's (MMT) treatment of inflation from an open economy perspective. It … analyzes how the inflation process is explained within the MMT framework and provides empirical evidence in support of this …
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