The Costs of Inflation and Unemployment in Australia

Alex Joiner
Additional contact information
Alex Joiner: School of Economics, La Trobe University

No 2000.05, Working Papers from School of Economics, La Trobe University

Abstract: This paper examines the costs of inflation and unemployment encountered in the post-war Australian economy. The analysis takes place under the assumption that a trade-off between inflation and unemployment has persisted over this period. The methodology encompasses estimates of Okuns coefficient and the sacrifice ratio, over varying time horizons, in order to examine the effect that each has on output. When compared, the evidence strongly suggests that, in terms of output lost, unemployment imposes a greater and more conspicuous cost to the economy than does inflation.

Keywords: Unemployment; Inflation; Trade (search for similar items in EconPapers)
Pages: 27 pages
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.latrobe.edu.au/__data/assets/pdf_file/0018/130860/2000.05.pdf First version, 2000.05.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.latrobe.edu.au/__data/assets/pdf_file/0018/130860/2000.05.pdf [301 Moved Permanently]--> https://www.latrobe.edu.au/__data/assets/pdf_file/0018/130860/2000.05.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:trb:wpaper:2000.05

Access Statistics for this paper

More papers in Working Papers from School of Economics, La Trobe University Contact information at EDIRC.
Bibliographic data for series maintained by Stephen Scoglio ( this e-mail address is bad, please contact ).