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Estimated Trade-Offs Between Unemployment and Inflation

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NBER1984-06-01 更新2025-01-04 收录
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Three models of price and wage behavior are estimated and tested in this paper. Model 1 is one in which the long-run trade-off between unemployment and inflation is in terms of price levels; Model 2 is one in which the trade-off is in terms of rates of change; and Model 3 is one in which there is no

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1984-06-01
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