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Details for article 141 of 195 found articles
| Title: |
Short-run and long-run interaction between inflation and unemployment in the USA |
| Author: |
Ribba, Antonio |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 10 (2003) nr. 6 pages 373-376 |
| Year: |
2003-04-20 |
| Contents: |
The aim of this study is to investigate both the short-run and long-run relationship between inflation and unemployment characterizing the US economy in the last 30 years. To this end a cointegrated structural VAR vs built. Since unemployment does not cause inflation at frequency zero a recursive structure, with inflation ordered first, allows the identification of a permanent and a transitory shock (cf. Ribba, Economics Letters 56 , pp. 253-6, 1997). The main conclusions of the investigation are that: (i) in the short run, the existence of a tradeoff induced by the transitory shock is confirmed; (ii) in the long run, the two variables move one-for-one in the same direction driven by a permanent supply shock. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 141 of 195 found articles
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