Publication
Mar 2009
This paper examines the long-run relation between money, measured by inflation or interest rates, and unemployment. The authors use money and unemployment models and recent work in macro and monetary economics, as well as a unified theory to analyze labor and goods markets.
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English (PDF, 76 pages, 2.0 MB) |
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Author | Aleksander Berentsen, Guido Menzio, Randall Wright |
Series | Kiel Institute Working Papers |
Issue | 1501 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2009 Kiel Institute for the World Economy |