نوع مقاله : مقاله پژوهشی
نویسنده
گروه اقتصاد نظری، دانشکده اقتصاد دانشگاه تهران، تهران، ایران.
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسنده [English]
he relationship between inflation and output (or unemployment) has been a contentious topic historically and remains so today. A pivotal point in this discussion is the Friedman-Phelps hypothesis, which posits that there is no long-term relationship between the two. This idea has gained acceptance among many economists, yet doubts about it persist. Additionally, the trade-off between the variability of inflation and output has garnered attention. Within the framework of DSGE models, stabilizing output leads to greater variability in inflation, and similarly, stabilizing inflation results in greater variability in output. In other words, there is a trade-off between stabilizing output and inflation.
In this context, we explore whether, in addition to the negative relationship between the variability of inflation and output, a positive relationship might also exist. The results obtained in this study indicate that within a behavioral macroeconomic model, it is possible for a positive relationship between the variability of inflation and output to emerge. Furthermore, for the Iranian economy, the results show that the relationship between the variability of inflation and output aligns well with the results of the behavioral macroeconomic model. The policy implication of these findings is that it is possible to simultaneously reduce the variability of both inflation and output.
کلیدواژهها [English]
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