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Inflation Uncertainty and Unemployment: Some International Evidence

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  • William L. Seyfried
  • Bradley T. Ewing

Abstract

This research examined whether the uncertainty associated with the volatility of inflation impacted unemployment in the G7 countries over the last two decades. The results indicate that inflation variability had a significant short-run effect upon the unemployment rate in Canada, France, Italy, and the US while no effect was found for Germany, Japan, or the UK. However, consistent with economic theory, we find no evidence of a long-run trade-off between inflation variability and unemployment.

Suggested Citation

  • William L. Seyfried & Bradley T. Ewing, 2001. "Inflation Uncertainty and Unemployment: Some International Evidence," The American Economist, Sage Publications, vol. 45(2), pages 33-39, October.
    • Handle: RePEc:sae:amerec:v:45:y:2001:i:2:p:33-39
    DOI: 10.1177/056943450104500204
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    References listed on IDEAS

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    Cited by:

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    3. Christoph S. Weber, 2020. "The unemployment effect of central bank transparency," Empirical Economics, Springer, vol. 59(6), pages 2947-2975, December.
    4. Šimićević, Vanja & Lekavski, Emil, 2023. "Testing Phillips Curve in Sweden," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2023), Hybrid Conference, Dubrovnik, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Hybrid Conference, Dubrovnik, Croatia, 4-6 September, 2023, pages 22-38, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.

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