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The Inflation-Unemployment Trade-off: A Critique of the Literature

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  • Santomero, Anthony M
  • Seater, John J

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  • Santomero, Anthony M & Seater, John J, 1978. "The Inflation-Unemployment Trade-off: A Critique of the Literature," Journal of Economic Literature, American Economic Association, vol. 16(2), pages 499-544, June.
  • Handle: RePEc:aea:jeclit:v:16:y:1978:i:2:p:499-544
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    References listed on IDEAS

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    1. Martin Feldstein, 1983. "Inflation, Income Taxes, and the Rate of Interest: A Theoretical Analysis," NBER Chapters,in: Inflation, Tax Rules, and Capital Formation, pages 28-43 National Bureau of Economic Research, Inc.
    2. repec:mes:jeciss:v:5:y:1971:i:2:p:1-19 is not listed on IDEAS
    3. Aaron, Henry J, 1976. "Inflation and the Income Tax," American Economic Review, American Economic Association, vol. 66(2), pages 193-199, May.
    4. Martin Feldstein & Jerry Green & Eytan Sheshinski, 1983. "Inflation and Taxes in a Growing Economy with Debt and Equity Finance," NBER Chapters,in: Inflation, Tax Rules, and Capital Formation, pages 44-60 National Bureau of Economic Research, Inc.
    5. Levi, Maurice D & Makin, John H, 1979. "Fisher, Phillips, Friedman and the Measured Impact of Inflation on Interest," Journal of Finance, American Finance Association, vol. 34(1), pages 35-52, March.
    6. Eisner, Robert, 1969. "Fiscal and Monetary Policy Reconsidered," American Economic Review, American Economic Association, vol. 59(5), pages 897-905, December.
    7. Martin Feldstein & Lawrence Summers, 1983. "Inflation and the Taxation of Capital Income in the Corporate Sector," NBER Chapters,in: Inflation, Tax Rules, and Capital Formation, pages 116-152 National Bureau of Economic Research, Inc.
    8. Hartman, David G, 1979. "Taxation and the Effects of Inflation on the Real Capital Stock in an Open Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(2), pages 417-425, June.
    9. Michael C. Lovell, 1978. "The Profit Picture: Trends and Cycles," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(3), pages 769-789.
    10. Trevithick, James A, 1975. "Keynes, Inflation and Money Illusion," Economic Journal, Royal Economic Society, vol. 85(337), pages 101-113, March.
    11. Teruo Hirao & Carlos A. Aguirre, 1970. "Maintaining the Level of Income Tax Collections under Inflationary Conditions (Maintien du niveau de recouvrement des impôts sur le revenu en période inflationniste) (El mantenimiento del nivel de r," IMF Staff Papers, Palgrave Macmillan, vol. 17(2), pages 277-325, July.
    12. Bach, G L & Stephenson, James B, 1974. "Inflation and the Redistribution of Wealth," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 1-13, February.
    13. Isard, Peter, 1973. "The Effectiveness of Using the Tax System to Curb Inflationary Collective Bargains: An Analysis of the Wallich-Weintraub Plan," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 729-740, May-June.
    14. Landskroner, Yoram & Levy, Haim, 1979. "Inflation, depreciation and optimal production," European Economic Review, Elsevier, vol. 12(4), pages 353-367, October.
    15. D.A.L. Auld, 1977. "Taxation and Inflation: A Survey of Recent Theory and Empirical Evidence," Public Finance Review, , vol. 5(4), pages 403-418, October.
    16. Peter A.Diamond, 1973. "Inflation and the Comprehensive Tax Base," Working papers 98, Massachusetts Institute of Technology (MIT), Department of Economics.
    17. Hamada, Robert S, 1979. "Financial Theory and Taxation in an Inflationary World: Some Public Policy Issues," Journal of Finance, American Finance Association, vol. 34(2), pages 347-369, May.
    18. repec:mes:challe:v:21:y:1979:i:6:p:26-31 is not listed on IDEAS
    19. John B. Shoven & Jeremy I. Bulow, 1976. "Inflation Accounting and Nonfinancial Corporate Profits: Financial Assets and Liabilities," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(1), pages 15-66.
    20. Laurence S. Seidman, 1978. "Tax-Based Incomes Policies," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 9(2), pages 301-361.
    21. Marty, Alvin L, 1978. "Inflation, Taxes, and the Public Debt," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(4), pages 437-452, November.
    22. Friedman, Milton, 1971. "Government Revenue from Inflation," Journal of Political Economy, University of Chicago Press, vol. 79(4), pages 846-856, July-Aug..
    23. John A. Tatom & James E. Turley, 1979. "Inflation and taxes: disincentives for capital formation," Monograph, Federal Reserve Bank of New York, number 1979iadfc.
    24. John Pitchford & Stephen J. Turnovsky, 1976. "Some Effects of Taxes on Inflation," The Quarterly Journal of Economics, Oxford University Press, vol. 90(4), pages 523-539.
    25. John A. Tatom & James E. Turley, 1979. "Inflation and taxes: disincentives for capital formation," Monograph, Federal Reserve Bank of New York, number 1979iadfc.
    26. Patrick Grady & Donald R. Stephenson, 1977. "Some Macroeconomic Effects of Tax Reform and Indexing," Canadian Journal of Economics, Canadian Economics Association, vol. 10(3), pages 378-392, August.
    27. Vito Tanzi, 1977. "Inflation, Lags in Collection, and the Real Value of Tax Revenue (L'inflation, les retards de recouvrement et la valeur réelle des recettes fiscales) (Inflación, desfases en la recaudación y valor ," IMF Staff Papers, Palgrave Macmillan, vol. 24(1), pages 154-167, March.
    28. Diamond, P. A., 1975. "Inflation and the comprehensive tax base," Journal of Public Economics, Elsevier, pages 227-244.
    29. Mieszkowski, Peter, 1969. "Tax Incidence Theory: The Effects of Taxes on the Distribution of Income," Journal of Economic Literature, American Economic Association, pages 1103-1124.
    30. Robert Mundell, 1963. "Inflation and Real Interest," Journal of Political Economy, University of Chicago Press, vol. 71, pages 280-280.
    31. Johnston, J & Timbrell, M, 1973. "Empirical Tests of a Bargaining Theory of Wage Rate Determination," The Manchester School of Economic & Social Studies, University of Manchester, vol. 41(2), pages 141-167, June.
    32. Hong, Hai, 1977. "Inflation and the Market Value of the Firm: Theory and Tests," Journal of Finance, American Finance Association, vol. 32(4), pages 1031-1048, September.
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    Citations

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    Cited by:

    1. Salemi, Michael K, 1999. "Estimating the Natural Rate of Unemployment and Testing the Natural Rate Hypothesis," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(1), pages 1-25, Jan.-Feb..
    2. Choi, Jin Wook, 1982. "An analysis of price responses to public information: a case study of the USDA corn crop forecasts," ISU General Staff Papers 198201010800008030, Iowa State University, Department of Economics.
    3. Gentle, Paul F. & Paudel, Krishna P. & Upadhyaya, Kamal P., 2007. "Real wages, real interest rates and the Phillips Curve: Evidence from Canadian data," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 60(3), pages 319-331.
    4. Gebhard Kirchgässner, 2013. "The Weak Rationality Principle in Economics," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(I), pages 1-26, March.
    5. Albu, Lucian Liviu, 2008. "Strain and Inflation-Unemployment Relationship in Transitional Economies: A theoretical and empirical investigation," Working Papers of Institute for Economic Forecasting 081103, Institute for Economic Forecasting.
    6. Thomas M. Humphrey, 1979. "Some recent developments in Phillips curve analysis," Monograph, Federal Reserve Bank of New York, number 1979srdipc.
    7. Weshah Razzak, 1997. "The inflation-output trade-off: Is the Phillips Curve symmetric? A policy lesson from New Zealand," Reserve Bank of New Zealand Discussion Paper Series G97/2, Reserve Bank of New Zealand.
    8. Allen, Steven G, 1992. "Changes in the Cyclical Sensitivity of Wages in the United States, 1891-1987," American Economic Review, American Economic Association, vol. 82(1), pages 122-140, March.
    9. Richard G. Lipsey, 2010. "The Phillips Curve," Chapters,in: Famous Figures and Diagrams in Economics, chapter 50 Edward Elgar Publishing.
    10. Martin Paldam, 1981. "An essay on the rationality of economic policy: The test-case of the electional cycle," Public Choice, Springer, vol. 37(2), pages 287-305, January.
    11. Thomas M. Humphrey, 1978. "Some recent developments in Phillips curve analysis," Economic Review, Federal Reserve Bank of Richmond, issue Jan, pages 15-23.
    12. Awad, Ibrahim L., 2002. "ظاهرة الركود التضخمى فى الاقتصاد المصرى: دراسة تحليلية
      [The Phenomenon of Stagflation in The Egyptian Economy: Analytical Study]
      ," MPRA Paper 5465, University Library of Munich, Germany.
    13. José Gutierrez-Camara & Roland Vaubel, 1981. "Reducing the cost of reducing inflation through gradualism, preannouncement or indexation? The international evidence," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(2), pages 244-261, June.
    14. repec:eee:labchp:v:2:y:1986:i:c:p:921-999 is not listed on IDEAS
    15. Albu, Lucian-Liviu, 2006. "Non-linear models: applications in economics," MPRA Paper 3100, University Library of Munich, Germany.
    16. Goodfriend, Marvin S. & King, Robert G., 1981. "A note on the neutrality of temporary monetary disturbances," Journal of Monetary Economics, Elsevier, pages 371-385.
    17. Henri Sterdyniak & Michèle Debonneuil, 1984. "La boucle prix-salaires dans l'inflation," Revue Économique, Programme National Persée, vol. 35(2), pages 267-312.

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