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The Phillips curve in Iran: econometric versus artificial neural networks [PDF]
Heliyon, 2019 In this paper, we develop a function of inflation, unemployment, liquidity and real effective exchange rate by applying Autoregressive Distributed Lag (ARDL) and Artificial Neural Networks (ANN).
Sayyed Abdolmajid Jalaee +2 more
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Competition and regional Phillips curve: Evidence from China. [PDF]
PLoS ONEThe product market competition affects the non-neutrality of monetary policy. This paper quantitatively assesses its impact on the slope of the Phillips curve through the channels of nominal and real rigidity.
Shukai Du
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The Wage Curve and the Phillips Curve [PDF]
Finance and Economics Discussion Series, 1998 Blanchflower and Oswald (1994) have argued that, in regional data, the level of unemployment is related to the level of wages. This result is at variance with the implications of the original Phillips curve for regional data, which would predict that the change in wages ought to be related to the unemployment rate.
John M. Roberts
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Issues Regarding the Inclusion of the Real Interest Rate with other factors in Phillips Curve Analysis [PDF]
Financial Markets, Institutions and Risks, 2022 This paper summarizes the arguments and counterarguments within the scientific discussion on the issue regarding the Inclusion of the Real Interest Rate with other factors in Phillips Curve Analysis. The main purpose of the article is to cause economists
Paul F. Gentle
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Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic [PDF]
SHS Web of Conferences, 2022 The Phillips curve was supposed to mean an expansion of the doctrine based on the original regulatory ideas of J. M. Keynes. At the time of its inception (1950s), it gave governments theoretical hope, coming from the possibility of choosing a negative ...
Krulický Tomáš +2 more
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Aggregating Phillips Curves [PDF]
SSRN Electronic Journal, 2007 The New Keynesian Phillips Curve is at the center of two raging empirical debates. First, how can purely forward looking pricing account for the observed persistence in aggregate inflation. Second, price-setting responds to movements in marginal costs, which should therefore be the driving force to observed inflation dynamics.
Jean Imbs +2 more
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Advances in estimating the Phillips curve
Journal of Applied Economics, 2022 Many studies have documented the missing relationship between PCE inflation and the labor market slack in the last 20 years. This paper first presents evidence of a strong sensitivity of price inflation to labor market tightness once we remove the late ...
Hany Guirguis, Tin Shan (Michael) Suen
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An Anatomy of the Phillips Curve [PDF]
SSRN Electronic Journal, 2002 The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions are backward- versus forward-looking. When economic agents, facing time-contingent, staggered nominal contracts, have a positive rate of time preference, the current wage and price levels depend more heavily on past variables (e.g ...
Dennis J. Snower, Marika Karanassou
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External competition flattens the Phillips Curve
Revista de Economía Mundial, 2022 In this paper we elaborate an open economy Phillips curve (OEPC) with micro-founded analysis, in which external competition significantly impacts the domestic inflation rate.
Alfonso Camba Crespo +2 more
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The role of oil prices in Philips curve modelling and forecasting of inflation
Journal of Economic and Financial Sciences, 2020 Orientation: The availability of an accurate and a reliable quantitative method for forecasting the behaviour of inflation is of importance, given the emphasis on price stability by central banks.
Ojo J. Adelakun, Harold Ngalawa
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