New macroeconomic approach reveals key link between inflation and unemployment
The article "Inflation and Unemployment: Contributions to a New Macroeconomic Approach" explores the relationship between inflation, unemployment, and economic growth. It discusses how inflation and deflation are two sides of the same coin, and how structural changes in the economy can impact unemployment rates. The researchers also delve into the causes of unemployment and the evolution of economic theories from Keynes to modern times. Additionally, the article examines historical cycles of economic thought and the importance of price stability in maintaining a healthy economy.