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 |
Externí odkaz: |