Browsing College of Social Sciences and Law by Subject "Unemployment--Effect of inflation on"

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Browsing College of Social Sciences and Law by Subject "Unemployment--Effect of inflation on"

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  • Whelan, Karl (Federal Reserve, 1999-12)
    Since Friedman (1968), the traditional derivation of the accelerationist Phillips curve has related expected real wage inflation to the unemployment rate and then invoked markup pricing and adaptive expectations to generate ...