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Inflation and Unemployment in the U.S. and Canada: A Common Framework

Author

Listed:
  • Pierre Fortin

    (Economics Department, UQAM)

  • George A. Akerlof

    (University of California, Berkeley)

  • William T. Dickens

    (Brookings Institution)

  • George L. Perry

    (Brookings Institution)

Abstract

This paper summarizes the results of our efforts to broaden the theory of the Phillips curve and to explain the joint evolution of inflation and unemployment in the United States and Canada since 1930.

Suggested Citation

  • Pierre Fortin & George A. Akerlof & William T. Dickens & George L. Perry, 2002. "Inflation and Unemployment in the U.S. and Canada: A Common Framework," Cahiers de recherche du Département des sciences économiques, UQAM 20-16, Université du Québec à Montréal, Département des sciences économiques.
    • Handle: RePEc:cre:uqamwp:20-16
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    1. Philippe Bergevin & William B.P. Robson, 2011. "The Costs of Inflexible Indexing: Avoiding the Adverse Fiscal Impacts of Lower Inflation," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 322, February.

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    More about this item

    Keywords

    Phillips curve; unemployment; inflation;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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