Inflation – Unemployment Dilemma. A Cross-Country Analysis

According to Phillips’ study, there is an inverse link between inflation and unemployment. The major consequence of these imbalances lies in authorities’ ability to correct one of them, usually the unemployment, by influencing the components of the aggregate demand. Phillips' opinion is later c...

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Veröffentlicht in:	Scientific Annals of Economics and Business 2022-01, Vol.69 (3), p.377-392
Hauptverfasser:	Popescu, Cristian Constantin, Diaconu (Maxim), Laura
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic policy Economy friedman-phelps g7 countries Human Resources in Economy National Economy phillips unemployment-inflation relationship
Online-Zugang:	Volltext
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