The fearsome dilemma: simultaneous inflation and unemployment

Authors

  • A.N. MCLEOD

DOI:

https://doi.org/10.13133/2037-3643/11151

Keywords:

Inflation, unemployment, real output, real income, employment

Abstract

The work looks at some of the non-monetary (or not specifically monetary) aspects of the problem of simultaneous inflation and unemployment. The author emphasises the domestic considerations and the links between domestic economics and international economics in a general-equilibrium context. Much of the analysis is inevitably couched in terms of money values, but the focus is actually on real output, real income, employment, resource allocation, and other non-monetary objectives.

 

JEL: E32, E24

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Published

2013-12-01

How to Cite

MCLEOD, A. (2013). The fearsome dilemma: simultaneous inflation and unemployment. PSL Quarterly Review, 32(131). https://doi.org/10.13133/2037-3643/11151

Issue

Vol. 32 No. 131 (1979)

Section

Editorial

License

 
 
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