The Behaviour of Inflation and Unemployment the United States

Vincent Hogan ()

Working Papers from College Dublin, Department of Political Economy-

Abstract: Low rates of inflation have been recorded in the United States in recent years despite a decline in the unemployment rate. This phenomenon could be the results of a series of transitory shocks or of a permanent charge in the structure of the economy leading to a lower NAIRU. The paper suggests that while the NAIRU may have fallen slighlty, it has not fallen by an amoun sufficient to explain the recent behaviour of inflation.

Keywords: PRICES; INFLATION; ECONOMIC THEORY (search for similar items in EconPapers)
JEL-codes: E31 E37 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2000
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Working Paper: The behaviour of inflation and unemployment in the United States (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:dublec:00/16

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