Bastos, Julio Cesar Albuquerque; Mendonça, Helder … - In: Journal of Economic Studies 41 (2014), pp. 708-720
sense if there is a trade-off between inflation and unemployment and when there is a causal relationship indicating that … with more inflation, unemployment is reduced (as suggested by the Phillips curve). Hence, TIP is observed by testing the … existence of cointegration between inflation rate and unemployment rate series and analyzing the sign of the estimated …