in Macroeconomics, Phillips curve relates inflation unemployment and suggests that a policy aimed at the price stability (as does the ECB currently obsessed with inflation ..) promotes unemployment. Therefore, a certain level of inflation is needed to minimize unemployment.
How do we do? With a strike of 20 %.... NEED devalue our currency, but we can not because neither we nor our own currency Central Bank (Bank of Spain) can devalue the Euro. The ECB has a strong Euro to control inflation (Germany) in the eurozone.
devalue means to increase exports, increase tourism, our competitiveness .... have inflation and reduce unemployment.
I totally agree with the thesis Kondratief on an initial phase of inflationary growth. Many economists justify inflation (always known, not controlled) is good.
Hicks, in his presentation of the IS-LM curves , reasoned and (so technically irreproachable) in this regard. More recently, Krugman even justified. Inflation is necessary in every economic boom and ends with unemployment (Phillips curve).
is clear that the only logical way in economic thinking that Spain is out of crisis EURO EXIT ... not necessarily in the EU (England has its currency, the pound, and belongs to the Community , like Sweden and Denmark).
Iceland outside the EU is another excellent example. After the severe crisis of 2008 devalues \u200b\u200bits crown .... and have already passed the crisis.
Marc De Zabaleta
http://www.markdezabaleta.net/
http://lacomunidad.elpais.com/dezabaleta
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