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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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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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State-Dependent Phillips Curve
EconomiesWe propose a state-dependent Phillips curve (PC) where the regime has changed endogenously. Using this framework, a free-standing PC is constructed. This study tests the robustness of the model, various types of inflation, slack measures, and various ...
Hyun Hak Kim, Na Kyeong Lee
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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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An estimation of the hybrid Phillips curve for Brazil in the inflation targeting regime
Economia Aplicada, 2017 The aim of this paper is to investigate the dynamics of inflation in Brazil between 2000-IV to 2014-II, through the hybrid Phillips Curve approach. This econometric specification allows evaluating the forward looking and backward looking terms.
Divanildo Triches, Flavio Tosi Feijó
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Phillips Curve Inflation Forecasts [PDF]
, 2009 This paper surveys the literature since 1993 on pseudo out-of-sample evaluation of inflation forecasts in the United States and conducts an extensive empirical analysis that recapitulates and clarifies this literature using a consistent data set and methodology.
James H. Stock, Mark W. Watson
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Wage curve versus Phillips curve: a microeconomic estimation for the Spanish case
Análisis Económico, 2010 The aim of this paper is to test for the existence of a wage curve for the Spanish economy between 1994 and 1996. The results confirm the negative relation between the level of nominal wages and the unemployment rate in local labor markets.
José Aixalá, Carmen Pelet
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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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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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