Hipoteza inflacji neutralnej a NAIRU

• Authors: Bednarczyk, Jan L

Abstracts

EN

The aim of the paper is to answer the following questions: Does the NAIRU enable correct interpretation of the interrelationships between key economic variables in the contemporary market economy? What are the main advantages of using NDEGRI (Non-Decreasing Economic Growth Rate of Inflation) as a tool of macroeconomic analysis? The main conclusion resulting from the research concerns limited usefulness of the NAIRU as a tool to describe the macroeconomic situation in the context of low and stable inflation rates when even major deviations of the actual unemployment rate from the natural one can be without any effect on the price behavior. In such a situation NDEGRI seems to be a more useful tool which more clearly defines the safe limits for demand stimulation.

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2013
• Volume: 281

Dates

published

2013

Contributors

author

Bednarczyk, Jan L

other

Politechnika Radomska, Wydział Ekonomiczny, Katedra Polityki Ekonomicznej i Bankowości

Identifiers

URI

http://hdl.handle.net/11089/9322