Acta Economica (Sep 2005)

RELATIONSHIP BETNJEEN INFLATION AND UNEMPLOYMENT MACRO MODEL

  • Ratko Kravarušić, PhD,
  • Stanko Stanić

Journal volume & issue
Vol. 3, no. 3

Abstract

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In this paper we consider quantitative relation between two microeconomic categories: unemployment and inflation. Or, subject of research is macro-economic model which has who variables (unemployment and inflation). In economic literature relation between quoted variables known as Phillips →s model. Therefore, base of quoted quantitative relation is that model, with expedition. In the article we derived solutions of the noted models.

Keywords