inflation is relatively high, as was the case in the 1970s. In general, the sign of the effect of growth on unemployment is …The standard search model of unemployment predicts, under realistic assumptions about household preferences, that … disembodied technological progress leads to higher steady-state unemployment. This prediction is at odds with the 1970s experience …

productivity growth and high unemplyoment. Subsequent research has shown that the standard model of unemployment actually gives … counterfactual predictions. Motivated by the observation that the 1970s were also characterized by high and rising inflation …, Tesfaselassie and Wolters examine the effect of growth on unemployment in the presence of nominal price rigidity. The authors …

unemployment, GDP, and inflation. Identification is achieved through the use of a standard version of Okun's law and a Phillips …

This paper analyses the relation between US inflation and unemployment from the perspective of quot;frictional growth … policy has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties …

This paper analyses the relation between US inflation and unemployment from the perspective of frictional growth, a … effects, giving rise to a long-run inflation-unemployment tradeoff. We evaluate this tradeoff empirically and assess the … impact of productivity, money growth, budget deficit, and trade deficit on the US unemployment and inflation trajectories …