Doh, Taeyoung - In: Economic Review (2011) Q IV, pp. 5-26
The simultaneous decline of core inflation with the increase in the unemployment rate during the recession of 2007 …-09 has renewed debate about the use of economic slack, such as unemployment, for predicting inflation. Doh examines the … relationship between cyclical fluctuations in inflation and unemployment and finds that the relationship varies over time and tends …