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The Inexorable and Mysterious Tradeoff Between Inflation and Unemployment

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NBER2000-09-01 更新2025-01-04 收录
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This paper discusses the short-run tradeoff between inflation and unemployment. Although this tradeoff remains a necessary building block of business cycle theory, economists have yet to provide a completely satisfactory explanation for it. According to the consensus view among central bankers and

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2000-09-01
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