Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case
13 Pages Posted: 8 Aug 2006
Date Written: 2006
This paper explains and shows us the Phillips Curve for advanced economies on period 1996-2007 for specially for the United States and Euro area case. The informations for 2006 and 2007 was considered being in attention the forecasting of International Monetary Fund (IMF) for these years.
We concluded that the true form of Phillips curve for short and long-run will not be verified always that exist equal evolution of their variables or for others words, always that inflation and unemployment rates growing to same direction, in both regions or in any region, the Phillips curve never will have their normal form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and when inflation rate is growing and unemployment doesn't (in the long-run).
Keywords: Phillips curve, Inflation, Unemployment
JEL Classification: A22, A23, E12, E13, E24, E29, E31
Suggested Citation: Suggested Citation