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Unemployment and Inflation

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					Unemployment and Inflation




         Macroeconomic Themes:9   1
Friedman (1966, 1968) and Phelps (1967) natural
       rate of unemployment hypothesis




                 Macroeconomic Themes:9           2
Rational and Adaptive Expectation about
               Inflation




             Macroeconomic Themes:9       3
Backward Looking Expectation of Inflation




               Macroeconomic Themes:9       4
Aggregate Supply and Demands




         Macroeconomic Themes:9   5
Labour Market with Rational Expectation




              Macroeconomic Themes:9      6
Labour Market Equilibrium and Aggregate
                Supply




              Macroeconomic Themes:9      7
Macroeconomic Equilibrium




       Macroeconomic Themes:9   8
Unemployment and Inflation




         Macroeconomic Themes:9   9
Unemployment and Inflation




         Macroeconomic Themes:9   10
Unemployment and inflation: New Keynesian Theory
  Adverse Supply Shock and Stagflation in 1970




                 Macroeconomic Themes:9            11
Fix Target and Optimal Choice Approach to
   Control Inflation and Unemployment




               Macroeconomic Themes:9       12
Barro and Gordon (1983) Unemployment Inflation
              Policy choice Model




                Macroeconomic Themes:9           13
Barro and Gordon (1983) Unemployment Inflation
              Policy choice Model




                Macroeconomic Themes:9           14
Barro and Gordon (1983) Unemployment Inflation
              Policy choice Model




                Macroeconomic Themes:9           15
Inflation Policy Game




      Macroeconomic Themes:9   16
Inflation Policy Game




      Macroeconomic Themes:9   17
Variation in unemployment rate across OECD countries
     (57 time series observations for each country)




                Macroeconomic Themes:9                 18
References




Macroeconomic Themes:9   19

				
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posted:7/30/2013
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