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The Relationship Between Inflation and Unemployment : a Critique of Friedman and Phelps

Rochon, Louis-Philippe ; Rossi, Sergio

In: Review of Keynesian Economics, 2018, vol. 6, no. 4, p. 533-544

The ‘natural rate of unemployment’ was not an important part of Friedman’s presidential address, although it is what the paper is remembered for. On the 50th anniversary of the paper, we argue that there is no ‘natural rate of unemployment’, and that the relation between inflation and unemployment is not the one assumed by Friedman or neoclassical theory. In Section 2 we present the...

Resilience of Alternative Stable States during the Recovery of Shallow Lakes from Eutrophication: Lake Veluwe as a Case Study

Ibelings, Bas ; Portielje, Rob ; Lammens, Eddy ; Noordhuis, Ruurd ; van den Berg, Marcel ; Joosse, Willemien ; Meijer, Marie

In: Ecosystems, 2007, vol. 10, no. 1, p. 4-16

Untangling Perceptual Memory: Hysteresis and Adaptation Map into Separate Cortical Networks

Schwiedrzik, Caspar M. ; Ruff, Christian C. ; Lazar, Andreea ; Leitner, Frauke C. ; Singer, Wolf ; Melloni, Lucia

In: Cerebral Cortex, 2014, vol. 24, no. 5, p. 1152-1164

Persistent disparities in regional unemployment : application of a spatial filtering approach to local labour markets in Germany

Patuelli, Roberto ; Schanne, Norbert ; Griffith, Daniel A. ; Nijkamp, Peter

The geographical distribution and persistence of regional/local unemployment rates in heterogeneous economies (such as Germany) have been, in recent years, the subject of various theoretical and empirical studies. Several researchers have shown an interest in analysing the dynamic adjustment processes of unemployment and the average degree of dependence of the current unemployment rates or ...