This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …

We study the time path of inflation and unemployment using the Blanchard treatment of the relationship between the two … the results. The economic dynamics of inflation and unemployment shows that they fluctuate around their intertemporal … equilibria, inflation around the growth rate of nominal money supply, respectively, and unemployment around the natural rate of …

job vacancy rate and the inflation rate. Empirically, the relationship is estimated by developing three different panel … inflation. This paper shows the empirical relevance of the modified output gap for Spain during the Great Recession and how it …

using money growth targets until 1999. Since 2000, when a new policy framework was introduced that focuses on an inflation … growth impacts on inflation. M2, however, matters only if the downward shift in nominal interest rates over the sample is …

The study mainly focused on the estimation and implementation of the concept of nonaccelerating inflation rate of … that when actual unemployment rate was below the reported value of NAIRU, there was a pressure on inflation rate to rise … recommendations to address the problems of inflation and unemployment in SAARC countries. …

any economy, Nigeria still contends with problems of high inflation and unemployment. This study examines the Phillips … curve hypothesis (inflation and unemployment trade-off) and its stability in Nigeria from 1980 to 2016 using the … between inflation and unemployment. The results of the ARDL bounds testing, FMOLS, DOLS, static OLS and CCR estimations …

The global economy has witnessed many economic fluctuations and waves of inflation and recession. With the … consideration of achieving price stability as a primary goal of the economic policies, any attempt to eliminate inflation means …', who developed the inflation/unemployment curve. After the emergence of the stagflation phenomenon, this relationship …