Unemployment and inflation in Western Europe: solution by the boundary element method

JEL codes: 
J21, J64
Author/s: 
Version Date: 
May 2009
Abstract: 

Using an analog of the boundary element method in engineering and science, we analyze and model unemployment rate in Austria, Italy, the Netherlands, Sweden, Switzerland, and the United States as a function of inflation and the change in labor force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for Austria, Canada, France, Germany, Japan, and the United States.

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