In Search of a Long-Run Phillips Curve in the US

Autor: Elliot Goldberg
Rok vydání: 2018
Předmět:
Zdroj: SSRN Electronic Journal.
ISSN: 1556-5068
DOI: 10.2139/ssrn.3197176
Popis: Although there is academic research confirming a short-run negative correlation between unemployment and inflation, the majority of studies conclude there is no long-run Phillips Curve. Deploying Phillips methodology and applying it to twelve years of US quarterly data, this study concludes there is a very strong negative correlation between unemployment and employment costs.
Databáze: OpenAIRE