Results 11 to 20 of about 27,816 (256)
Phillips Curve Estimation During Tranquil and Recessionary Periods: Evidence From Panel Analysis
İstanbul İktisat Dergisi, 2019 The empirical literature that covers Phillips Curve analysis during recessionary periods is notably scant. The Great Recession has rekindled a debate on the validity and stability of the Phillips Curve which is still ongoing. The basis for this debate is
Yhlas Soybetov
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Inflation or output targeting? Monetary policy appropriateness in south Africa
PSL Quarterly Review, 2016 The design and implementation of monetary policy in South Africa has been based on the idea of a trade-off between inflation and output growth. However, in the empirical literature there is no consensus on the existence of a Phillips curve in present ...
Temitope Leshoro +1 more
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Market Power, NAIRU, and the Phillips Curve
Abstract and Applied Analysis, 2020 We explore the relationship between unemployment and inflation in the United States (1949-2019) through both Bayesian and spectral lenses. We employ Bayesian vector autoregression (“BVAR”) to expose empirical interrelationships between unemployment ...
Derek Zweig
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The Mittag-Leffler Fitting of the Phillips Curve
Mathematics, 2019 In this paper, a mathematical model based on the one-parameter Mittag-Leffler function is proposed to be used for the first time to describe the relation between the unemployment rate and the inflation rate, also known as the Phillips curve. The Phillips
Tomas Skovranek
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A wavelets-based analysis of the phillips curve hypothesis for the Brazilian economy, 1980-2011
Economia Aplicada, 2013 This paper implements a wavelets-based analysis of the Phillips curve hypothesis — as formulated by Friedman and Phelps — for the Brazilian economy, concerning the last thirty years.
Edgard Almeida Pimentel
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Empirical Analysis on The Existence of The Phillips Curve
MATEC Web of Conferences, 2018 The Phillips curve shows the trade-off relationship between the inflation and unemployment rates. A rise in inflation due to the high economic growth, more jobs are available and therefore unemployment will fall.
Shaari Mohd Shahidan +3 more
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Phillips Curve: An Empirical Research on Romania [PDF]
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2020 This paper analyses the Phillips curve for Romania, eventually choosing the optimal type of model, while also analysing the implications on monetary policy.
Cristina Gabriela ZAMFIR +1 more
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Procedia Economics and Finance, 2016 AbstractThis paper aims to analyse the cointegration and causality relationships between inflation, GDP and unemployment by using Markov Switching –VAR and Markov Switching Causality tests for the period from 1957(2) to 2014(3) in USA. This study complements previous empirical papers.
Bildirici, Melike Elif, Turkmen, Ceren
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Phillips Loops, Economic Relaxation, and Inflation Dynamics
AppliedMathWe show how the dynamics of inflation as represented by the Phillips curve follow from a response formalism suggested by Phillips and motivated by the Keynesian notion that it takes time for an economy to respond to an economic shock.
Raymond J. Hawkins
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برنامهریزی و بودجه, 2022 The trade-off between inflation and the output gap is different under each of the specifications of the Phillips curve, and therefore the optimal monetary policy will be different based on the assumption of each of these specifications.
Maryam Hematy
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