A MODEL OF INCOME, UNEMPLOYMENT AND INFLATION FOR THE U.S.A.
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Open Access
Type
Working PaperAuthor/s
Bhaskara Rao, B.Abstract
This paper develops a simple three equation microeconomic model to explain the dynamics of output, unemployment and inflation for the U.S.A. The model is estimated, with the annual data, for 1946-1989. Insights gained through some recent developments are used to specify and estimate the model.This paper develops a simple three equation microeconomic model to explain the dynamics of output, unemployment and inflation for the U.S.A. The model is estimated, with the annual data, for 1946-1989. Insights gained through some recent developments are used to specify and estimate the model.
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Date
1991-02-01Issue
157Publisher
Department of EconomicsLicence
OtherFaculty/School
Faculty of Arts and Social Sciences, School of EconomicsShare