Relacja poziomu inflacji i stopy bezrobocia w ujęciu ekonomii behawioralnej
The relationship between level of inflation and the unemployment rate in terms of behavioral economics
Author(s): Mariusz RafałoSubject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: behavioral economics; decision-making; Phillips curve; inflation
Summary/Abstract: The article discusses the issue of the relationship between the level of inflation and the rate of unemployment. It is argued that the rationality of individual market participants' decisions can help to explain the relationship between inflation and unemployment. Discussion is conducted on the basis of the theory of behavioral economics.
Journal: Współczesne Problemy Ekonomiczne. Globalizacja. Liberalizacja. Etyka.
- Issue Year: 2014
- Issue No: 09
- Page Range: 73-83
- Page Count: 11