The Phillips Airway

Sectoral Phillips curves and the aggregate Phillips curve

Sector-level Phillips curves are estimated in French data. There is considerable heterogeneity across sectors, with vastly different estimates of the backward looking component of inflation and the duration of nominal rigidities. A multi-sector model of inflation dynamics is calibrated on the basis of these sectoral estimates. Aggregate inflation, simulated on the basis of heterogeneous sectors...

The Phillips Machine (MONIAC)

The Phillips Machine, or Monetary National Income Analogue Computer (MONIAC), is a hydraulic representation of cash flow within the UK economy in the early 20th century. It represents the circular flow of income (New Zealand Institute of Economic Research, 2015), shown by the economic equation Aggregate Demand = Consumer Expenditure + Investment + Government Spending + (Exports – Imports), or Y...

The Phillips Curve

John Phillips

Legal analysis is a multistep process that performs the complex tasks of identifying real world activities through the lens of a predefined legal code and sets of laws. Based on a brief understanding of an issue a legal professional must make a recommendation on where to apply limited researching resources. We employ Naïve Bayes models in a parallel, nonmutually exclusive alignment towards the ...

The Phillips curve in Thailand¤

The subject of this paper is the estimation of the Phillips curve in Thailand. The aim of the estimation is to ...t the Phillips curve as part of a small-scale, log-linearised structural model for the country, which is suitable to form the basis for a future simulation exercise to ...nd an optimum monetary policy rule. A linear form of the Phillips curve is estimated using ordinary least square...