Inflation And Unemployment Nexus In Nigeria: Another Test of the Phillips Curve
نویسندگان
چکیده
منابع مشابه
Inflation/Unemployment Regimes and the Instability of the Phillips Curve
Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United States, the United Kingdom and Germany between 1871 and 2009. We identify for each country three distinct regimes in inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the timings of the transitions between ...
متن کاملThe Phillips Curve and Underlying Inflation
This paper examines methods of controlling the supply shock in the estimation of the Phillips curve and discusses the relationship between the supply shock and inflation inertia. The empirical results clearly show that controlling the supply shock effect, not only for current inflation but also for lagged inflation using the asymmetry of the price change distribution, substantially outperforms ...
متن کاملPhillips Curves , Expectations of Inflation and Optimal Unemployment over Time
Phillips Curves, Expectations of Inflation and Optimal Unemployment over Time Author(s): Edmund S. Phelps Source: Economica, New Series, Vol. 34, No. 135, (Aug., 1967), pp. 254-281 Published by: Blackwell Publishing on behalf of The London School of Economics and Political Science and The Suntory and Toyota International Centres for Economics and Related Disciplines Stable URL: http://www.jstor...
متن کاملThe Phillips Curve: Forward-Looking Behavior and the Inflation Premium
We use the inflation premium—the difference between nominal and real interest rates—as a proxy for expected inflation in the context of the New Keynesian Phillips Curve. Using data from inflation-indexed and nominal bonds we estimate a forward-looking Phillips curve for the United Kingdom over the period 1985-2004. The proposed model describes UK inflation dynamics considerably better than does...
متن کاملthe relationship between learners critical thinking ability and their performance in the reading sections of the tofel and ielts test
the study reflected in this thesis aims at finding out relationships between critical thinking (ct), and the reading sections of tofel and ielts tests. the study tries to find any relationships between the ct ability of students and their performance on reading tests of tofel and academic ielts. however, no research has ever been conducted to investigate the relationship between ct and the read...
15 صفحه اولذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Asian Economic and Financial Review
سال: 2015
ISSN: 2305-2147,2222-6737
DOI: 10.18488/journal.aefr/2015.5.5/102.5.766.778