Is Unemployment More Costly Than Inflation?
NBER Working Paper No. 13505
---- Acknowledgments ----
I thank Kate Barker, Iain de Weymarn, Dick Easterlin, Andrew Holder, Andrew Oswald, James Proudman, Andrew Sentence for helpful comments and Chris Shadforth for research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.