Spillover Fluctuations between Inflation and Un(employment) Concerning Different Macroeconomic Sectors in Iran

The Relation Between Inflation and Inflation Uncertainty In Iran

Estimated Tradeoffs Between Unemployment and Inflation

An important question in macroeconomics is the size of the tradeoff between unemployment and inflation. I have been asked by the organizers of this symposium to consider this question, and so this is yet another paper on the tradeoff issue. Given an econometric model of price and wage behavior, it is straightforward to compute the tradeoff. The key problem is finding the model that best approxi...

The Relationship Between Budget Deficit And Inflation In Iran

The Inexorable and Mysterious Tradeoff Between Inflation and Unemployment

This paper discusses the short-run tradeoff between inflation and unemployment. Although this tradeoff remains a necessary building block of business cycle theory, economists have yet to provide a completely satisfactory explanation for it. According to the consensus view among central bankers and monetary economists, a contractionary monetary shock raises unemployment, at least temporarily, an...

estimating non acceleration inflation rate of unemployment (nairu): using different filters in iran

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Reconsidering the long-run relationship between inflation and unemployment

In this paper a brief history of the Phillips curve from Fisher (1973 [1926]) to the FriedmanPhelps natural rate hypothesis is sketched. Empirical evidence from France, Germany, the United Kingdom and the United States during the latter half of the 20th century in support of a positive long-run relationship between inflation and unemployment is presented. In order to reconcile the predominant t...