Hofstetter Gascón, Marcel (contributor) - 2004 - [Elektronische Ressource]
rate
of inflation, they almost always experience a period of high unemployment and low output” (Mankiw,
2004, p. 523 … literature, where an explicit (usually short-run) trade-off between inflation and
unemployment is established. Some classic … methodology. It is shown
that an unusual combination of circumstances — i.e. capital inflows, structural reforms and the
peculiar …