Arbeitspapier
Is There a Long-Run Trade-Off between Inflation and Unemployment?
How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive Phillips curve theories or uncorrelated, 'as in the neo-liberals' view or are they positively correlated as Friedman suggested in his Nobel lecture? In this paper inflation is introduced into a general equilibrium search unemployment model. We show that it is possible to get either a negatively or a positively sloping long-run Phillips curve, all depending on the source of inflation.
- Sprache
-
Englisch
- Erschienen in
-
Series: IUI Working Paper ; No. 150
- Klassifikation
-
Wirtschaft
General Equilibrium and Disequilibrium: General
Price Level; Inflation; Deflation
Unemployment: Models, Duration, Incidence, and Job Search
- Thema
-
Unemployment
inflation
Phillips curve
general equilibrium
Phillips-Kurve
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Axell, Bo
Lang, Harald
- Ereignis
-
Veröffentlichung
- (wer)
-
The Research Institute of Industrial Economics (IUI)
- (wo)
-
Stockholm
- (wann)
-
1985
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Axell, Bo
- Lang, Harald
- The Research Institute of Industrial Economics (IUI)
Entstanden
- 1985
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