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...Inflation and unemployment in belgium michel dombrecht philippe moes introduction low belong traditionally to the objectives of economic agents as well governments it is therefore important know whether both these can be attained simultaneously known was originally thought that there a negative relationship between reduce economy had stimulated implying rise on other hand could brought down by increasing number unemployed this trade off phillips curve s most economists became convinced inexistence such at least long run vertical only short exist correlation but over larger intervals time latter would tend towards its equilibrium value which nairu non accelerating rate considerations have continued inspire also recent past they are course for monetary policy far concerned actual mainstream idea stress importance inflationary expectations whereas term may affected disequilibria markets products labour slope an smaller than normally implies positive output gap i e level potential puts dow...