Using a CGE Model to Identify the Policy Trade-Off between Unemployment and Inflation: The Efficient Phillips Curve

This paper provides a new reading of a classical economic relation: the short-run Phillips curve. Our point is that, when dealing with inflation and unemployment, policy-making can be understood as a multicriteria decisionmaking problem. Hence, we use so-called multiobjective programming in connection with a computable general equilibrium (CGE) model to determine the combinations of policy instruments that provide efficient combinations of inflation and unemployment. This approach results in an alternative version of the Phillips curve labelled as efficient Phillips curve. Our aim is to present an application of CGE models to a new area of research that can be especially useful when addressing policy exercises with real data. We apply our methodological proposal within a particular regional economy, Andalusia, in the south of Spain. This tool can give some keys for policy advice and policy implementation in the fight against unemployment and inflation.

Automorphism groups of non-orientable elliptic-hyperelliptic Klein surfaces with boundary

A classical study about Klein and Riemann surfaces consists in determining their groups of automorphisms. This problem is very difficult in general,and it has been solved for particular families of surfaces or for fixed topological types. In this paper, we calculate the automorphism groups of non-orientable bordered elliptic-hyperelliptic Klein surfaces of algebraic genus p> 5.