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A wavelets-based analysis of the phillips curve hypothesis for the Brazilian economy, 1980-2011
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
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]
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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Evaluating the New Keynesian Phillips Curve under VAR-based Learning [PDF]
Luca Fanelli
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State-Dependent Phillips Curve
We 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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Phillips Loops, Economic Relaxation, and Inflation Dynamics
We 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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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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The Australian Phillips Curve and More [PDF]
A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor force. The link between the involved variables is a linear one with all coefficients of individual and generalized models obtained empirically. To achieve the best fit between measured and predicted time series cumulative curves are used
Kitov, Ivan, Kitov, Oleg
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Revisiting the Relationship between Inflation and Output Gap in Iranian Economy Using Wavelet Transform Approach [PDF]
The purpose of this paper is to revisit the relationship between inflation and output gap by using wavelet coherence approach. This approach attempts to combine the classical time series analysis with frequency domain analysis, and presents the ...
Ramin Khochiani, Younes Nademi
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Heterogeneous beliefs and the Phillips curve [PDF]
We establish a set of novel empirical facts concerning cross-section distributions of inflation expectations reported in surveys. Almost all the variation in expectations about their mean may be summarized via three factors we call disagreement, skew, and shape. We adopt a functional principal component regression approach to estimating forward-looking
Meeks, Roland, Monti, Francesca
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