Economics, Econometrics and Finance
4 years ago

New study reveals long-term impact of inflation on unemployment rates

European Journal of Political Economy
A reappraisal of the inflation–unemployment tradeoff
Marika Karanassou, Héctor Sala, Dennis J. Snower

Paper Summary

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The article rethinks how inflation and unemployment are connected. It talks about how money supply changes affect prices when wages are slow to adjust. This can lead to a long-term tradeoff between inflation and unemployment. The researchers found that the relationship between inflation and unemployment might not be as strong as previously thought.