In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in many countries subject to a significant change in the early 1990's after the disinflation period. That period began between 1975 and 1980 after the first (or the second) oil price...

Bei der Wahl dieses Titels schimmert die ebenso alte wie weit verbreitete These durch, derzufolge das Beschäftigungsniveau und damit die Arbeitslosigkeit wesentlich von der Lohnhöhe bestimmt seien. Der Titel trägt aber der Tatsache Rechnung, daß in den kontinentaleuropäischen...

In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in many countries subject to a significant change in the early 1990's after the disinflation period. That period began between 1975 and 1980 after the first (or the second) oil price...