Haug, Alfred A.; King, Ian P. - Department of Economics, Faculty of Business and Economics - 2011
We examine the relationship between inflation and unemployment in the long run,using quarterly US data from 1952 to … 2010. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads … Berentsen, Menzio, and Wright (2011): the relationship between inflation and unemployment is positive in the long run. …
