On the long run Phillips Curve genus

Rod Cross

No 1813, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: This note points out that the long run Phillips curve genus contains upward and downward sloping species as well as the vertical species. Observers have found it difficult to sight the vertical species in certain countries, in certain epochs. This difficulty could well arise from the observers having looked for the wrong species.

Keywords: Unemployment; Natural Rates; Vertical; Positive Loci; Negative Loci; Hysteresis. (search for similar items in EconPapers)
JEL-codes: B22 E24 E31 N10 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2018-09
New Economics Papers: this item is included in nep-his and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:str:wpaper:1813

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