TY - JOUR
T1 - Inflation Uncertainty and Unemployment
T2 - Some International Evidence
AU - Seyfried, William L.
AU - Ewing, Bradley T.
N1 - Publisher Copyright:
© 2001 Omicron Delta Epsilon.
PY - 2001/10
Y1 - 2001/10
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=77954311637&partnerID=8YFLogxK
U2 - 10.1177/056943450104500204
DO - 10.1177/056943450104500204
M3 - Article
AN - SCOPUS:77954311637
SN - 0569-4345
VL - 45
SP - 33
EP - 39
JO - American Economist
JF - American Economist
IS - 2
ER -