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Macroeconomic Determinants of Unemployment in Somalia: The Case of Okun’s Law and the Phillips Curve
Asian Economic and Financial Review, 2022 This study aims to assess the impact of economic growth and inflation on unemployment in Somalia by testing the Phillips curve and Okun’s law hypothesis utilizing the autoregressive distributed lag (ARDL) model and time series data covering the period ...
Abdimalik Ali Warsame +3 more
semanticscholar +1 more source
The Slope of the Phillips Curve: Evidence from U.S. States
Social Science Research Network, 2020 We estimate the slope of the Phillips curve in the cross section of U.S. states using newly constructed state-level price indexes for non-tradeable goods back to 1978.
Jonathon Hazell +3 more
semanticscholar +1 more source
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
doaj +1 more source
The New Keynesian Phillips curve and the effects of domestic inflation drivers in the Republic of Serbia [PDF]
Economic Horizons, 2020 This study investigates the validity of the New Keynesian Phillips curve in the Republic of Serbia. By means of empirical analysis, the impact of domestic inflation drivers, i.e.
Vladimir Mihajlovic
doaj +1 more source
Nonlinear models of the Phillips curve
Journal of evolutionary economics, 2021 The recent flattening of the Phillips curve has stimulated new empirical research and theoretical discussions regarding the nonlinear nature of the changes in the parameters.
A. Cristini, P. Ferri
semanticscholar +1 more source
Is there a Phillips Curve in Pakistan? [PDF]
The Pakistan Development Review, 2022 Since the publication of A.W. Phillip's (1958) influential paper on the relationship between unemployment and the rate of change of the money wage rate, count• less studies have appeared to refine, reformulate and re-estimate structural equations explaining the rates of change in the wage rates and the price level or inflation rates.
openaire +3 more sources
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
doaj +3 more sources
The Phillips curve in Australia [PDF]
Journal of Monetary Economics, 1999 Abstract In this paper we discuss the development of Phillips curves in Australia over the forty years since Phillips first estimated one using Australian data. We examine the central issues faced by researchers estimating Australian Phillips curves.
Gruen, David +2 more
openaire +3 more sources
What's Up with the Phillips Curve?
Brookings Papers on Economic Activity, 2020 :The business cycle is alive and well, and real variables respond to it more or less as they always did. Witness the Great Recession. Inflation, in contrast, has gone quiescent.
Marco del Negro +3 more
semanticscholar +1 more source
Envy, Guilt, and the Phillips Curve [PDF]
SSRN Electronic Journal, 2012 Abstract We incorporate inequality aversion into an otherwise standard New Keynesian dynamic stochastic equilibrium model with Calvo wage contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high incomes experience guilt.
Steffen Ahrens +4 more
openaire +10 more sources