To read this content please select one of the options below:

THE EXPECTATIONS HYPOTHESIS UNDER CHANGING EMPLOYMENT CONDITIONS

C. MULVEY (University of Glasgow)
J.A. TREVITHICK (University of Glasgow)

Journal of Economic Studies

ISSN: 0144-3585

Article publication date: 1 January 1975

51

Abstract

The purpose of this paper is to show that three factors, the location, the direction and magnitude of variations in the unemployment rate, will affect the actual rate of inflation. A specific prediction of the expectations‐augmented trade‐off relation between unemployment and inflation may then be derived by considering how the rate of inflation ought to change in the course of a hypothetical unemployment cycle

Citation

MULVEY, C. and TREVITHICK, J.A. (1975), "THE EXPECTATIONS HYPOTHESIS UNDER CHANGING EMPLOYMENT CONDITIONS", Journal of Economic Studies, Vol. 2 No. 1, pp. 67-71. https://doi.org/10.1108/eb008050

Publisher

:

MCB UP Ltd

Copyright © 1975, MCB UP Limited

Related articles