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The authors solve the IS puzzle for the G7 countries. They find that five of the G7 countries have the expected significant negative relationship between the output gap and the real-rate gap; the time series of the remaining two show material deviation from expected IS-curve behavior. The...
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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. …
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