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Price Stability, Inflation and Central Banks

P/E/432. Inflation and unemployment: review of theories

WORDS:
1500
DATE:
2006
PRICE:
19.99 GBP

The paper examines the relationship between inflation and unemployment discussing two contradictory governmental policies, i.e. the fiscal policy and the monetary policy. Keynesian approach to inflation and the Philips curve model are reviewed.

 

KEYWORDS: Inflation, unemployment, Keynesian, Philips curve,