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Research ArticleOpen accessIn the author namesLong Cycles in Employment, Inflation and Real Unit Wage Costs, Qualitative Analysis and Quantitative AssessmentPeter Flaschel, Goeran Kauermann, Timo TeuberThis study provided some theoretical foundations for the empirical hypothesis. At first presented two simple prototype models of inflation, stagflation and disinflation. We concluded that there are cycles with a phase length much longer than the ordinary business cycle (in fact approximately five times as long as we saw in the empirical phase plots of the paper) which are not … …American Journal of Applied Sciences, Vol. 2, Issue 13 · 18 Dec 2005 · 8,592 accessesView PDF Cite

1 article for “Peter Flaschel”