Spanish unemployment and inflation persistence : are there Phillips trade-offs?

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      <subfield code="a">Getafe [Madrid]</subfield>
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      <subfield code="a">This paper studies the joint dynamic behaviour of inflation and unemployment in Spain during the period 1964-1995. In particular, we analyze the implication of hysteresis and high inflation persistence for inference regarding Philips trade offs and sacrifice ratios in the Spain economy, in response to a demand shock.</subfield>
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