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Nothing Natural About the Natural Rate of Unemployment

Phelps, Edmund S.

Why is unemployment so low in several countries where inflation remains subdued? This phenomenon is a challenge to present-day economics.

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More About This Work

Academic Units
Center on Capitalism and Society
Economics
Publisher
Center on Capitalism and Society, Columbia University
Series
Center on Capitalism and Society Working Papers, 96
Published Here
November 6, 2017
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