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Autor:innen: 
Erscheinungsjahr: 
1985
Schriftenreihe/Nr.: 
IUI Working Paper No. 150
Verlag: 
The Research Institute of Industrial Economics (IUI), Stockholm
Zusammenfassung: 
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.
Schlagwörter: 
Unemployment
inflation
Phillips curve
general equilibrium
JEL: 
D50
E31
J64
Dokumentart: 
Working Paper

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