Inflation, Unemployment and the NAIRU in Poland

Pavlos Stamatiou () and Chaido Dritsaki ()
Additional contact information
Pavlos Stamatiou: Western Macedonia University of Applied Sciences
Chaido Dritsaki: Western Macedonia University of Applied Sciences

Chapter Chapter 12 in Advances in Time Series Data Methods in Applied Economic Research, 2018, pp 159-176 from Springer

Abstract: Abstract The purpose of this paper is to investigate the relationship between inflation and unemployment rate, in the case of Poland over the period 1992–2017, within the Phillips curve context. Several econometric techniques are applied, including the bounds testing (ARDL) approach developed by Pesaran et al. (J Appl Econometrics 16(3):289–326, 2001) as well as Toda and Yamamoto (J Econometrics 66:225–250, 1995) modification of the Granger causality test (no-causality approach) in a two-variable vector autoregression (VAR) model. The results of the study confirm a long run relationship among the examined variables for the aforementioned period. Finally, the findings of Toda and Yamamoto (J Econometrics 66:225–250, 1995) analysis indicate a unidirectional causality between unemployment rate and inflation with direction from unemployment rate to inflation. Policy implications are then explored in the conclusions.

Keywords: Inflation; Unemployment; NAIRU; Poland; Autoregressive distributed lag cointegration test; Toda-Yamamoto causality test (search for similar items in EconPapers)
JEL-codes: C22 C32 E31 E50 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-02194-8_12

Ordering information: This item can be ordered from
http://www.springer.com/9783030021948

DOI: 10.1007/978-3-030-02194-8_12

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().