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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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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
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Market Polarization and the Phillips Curve
Social Science Research Network, 2021 The Phillips curve has flattened out over the last decades. We develop a model that rationalizes this phenomenon as a result of the observed increase in polarization in many industries, a process along which a few top firms gain an increasing share of ...
Javier Andrés +2 more
semanticscholar +1 more source
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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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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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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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.
Annalisa Cristini, P. Ferri
semanticscholar +1 more source
Movement of Inflation and New Keynesian Phillips Curve in ASEAN
Economies, 2021 The development of the theory of dynamic inflation begins by linking wage inflation and unemployment. In further developments, factor of expectation is classified into inflation model.
A. Wardhono +3 more
semanticscholar +1 more source
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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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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