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Response to Death of the philips curve

from denis degener (degenerden@hotmail.com)
THE PHILIPS CURVE IS WRONG. Everybody can test it with the same data Philips used, and the result is that inflation does not matter, what matters to reduce unemployment is that inflation goes faster than the adjust in salaryes that means that Real Wage goes down and than as the clasical economy discovered, employment grows in the short term........... Try it and test unemployment in one axe and real wages on the other. Sorry about my bad english denis degener mar del plata argentina
(posted 8281 days ago)

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