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Macroeconomic Stabilization and Economic Growth: The Case of Uganda

✍ Scribed by Andrew Feltenstein; Sudipta Sarangi

Book ID: 110758555
Publisher: John Wiley and Sons
Year: 2005
Tongue: English
Weight: 165 KB
Volume: 17
Category: Article
ISSN: 1017-6772
DOI: 10.1111/j.1017-6772.2005.00104.x

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## Abstract This paper is concerned with the stability of macroeconomic models in which there is no long‐run trade‐off between unemployment and inflation, because of a wage adjustment equation based on the NAIRU concept. It is shown, for a simple theoretical model and for the Bergstrom–Nowman–Wymer