Spanish Unemployment and Inflation Persistence: Are There Phillips Trade-Offs?

Juan Dolado, J. David López-Salido and Juan Vega ()
Authors registered in the RePEc Author Service: J. David Lopez-Salido

Working Papers from Banco de España

Abstract: This paper studies the joint behaviour of inflation and unemployment in Spain over the period 1964-1995. We analyze the implications both of full hysteresis in unemployment and high inflation persistence for inference regarding dynamic Phillips trade-offs and sacrifice ratios in the Spanish economy in response to a demand shock.

Keywords: INFLATION; UNEMPLOYMENT (search for similar items in EconPapers)
JEL-codes: E24 E31 (search for similar items in EconPapers)
Pages: 40 pages
Date: 1997
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Citations: View citations in EconPapers (4)

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Working Paper: Spanish unemployment and inflation persistence: ares there phillips trade-offs? (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:9712

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