unemployment can be positive or negative depending on the primitives of the model. The key features are indivisible labor … have nonseparable preferences. In addition, the relationship between inflation and unemployment is robust to allowing free …

Adam Smith's ideas about the "invisible hand", was a major contribution to an ongoing tradition in monetary theory in whose …

Adam Smith's ideas about the "invisible hand", was a major contribution to an ongoing tradition in monetary theory in whose …

Adam Smith's ideas about the invisible hand, was a major contribution to an ongoing tradition in monetary theory in whose …

money supply, money velocity, and the unemployment rate. Thus, five parameters, i.e. weights assigned to the deviation in … the money velocity, and the deviation in unemployment rate, are introduced and estimated. The article explores and tests … weight to the deviation in unemployment rate, and moderate weights are assigned to the deviation in the inflation rate, the …

different theories of price level, with possible monetary theory dominance when legal barrier of monetary policy is reduced. The …