The Inflation–Unemployment Trade-off

Vani Borooah

Chapter 6 in Growth, Unemployment, Distribution and Government, 1996, pp 48-56 from Palgrave Macmillan

Abstract: Abstract It is a truth universally acknowledged that a country in possession of a low unemployment rate must be in search of an anti-inflationary policy. And, one could add, vice versa. This chapter reflects on the truth of this statement by examining the nature of the ‘trade-off’ between inflation and unemployment.

Keywords: Unemployment Rate; Inflation Rate; Real Wage; Phillips Curve; Inflationary Expectation (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37300-6_6

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DOI: 10.1057/9780230373006_6

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