Karanassou, Marika (contributor); Sala, Hector (contributor) - 2008
and CEPR
18 April 2008
Abstract
The conventional wisdom that inflation and unemployment are unrelated in
the long …-run implies the compartmentalisation of macroeconomics. While one
branch of the literature models inflation dynamics and estimates … the unemploy-
ment rate compatible with inflation stability, another one determines the real
economic factors that drive …