, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …

between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked … lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

weight to the deviation in unemployment rate, and moderate weights are assigned to the deviation in the inflation rate, the … money supply, money velocity, and the unemployment rate. Thus, five parameters, i.e. weights assigned to the deviation in … the inflation rate, the deviation in real GDP (Gross Domestic Product), the deviation in money supply, the deviation in …

This paper examines the role of money supply in determining unemployment rate in Nigeria. We employ a nonlinear … autoregressive distributed lag (NARDL) model to examine the pass-through effect of the growth in money supply into unemployment rate … long-run responses of unemployment rates to the positive and negative money supply growth shocks. Our result suggests that …

The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …

This paper examines the link between unemployment and monetary policy in Nigeria using a vector autoregressive (VAR … raises unemployment over a 10 quarter period. In addition, all the variables used as proxy in the model jointly Granger cause … unemployment, implying the existence of a dynamic relationship between monetary policy and unemployment in Nigeria. …