RELATIONSHIP BETWEEN INFLATION AND UNEMPLOYMENT IN ROMANIA, AGE GROUP 20-24 YEARS

Ortansa T. FLOREA (moise)
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Ortansa T. FLOREA (moise): University of Economic Studies, Bucharest, Romania

SEA - Practical Application of Science, 2014, issue 3, 198-203

Abstract: Romania, like many other states, is affected by two major imbalances: inflation and unemployment. The article proposes an analysis of the inflation – unemployment relationship over time and particularly the coverage of this relationship in Romania, considering the age group 20-24 years. In order to identify this relationship, it will be used data from the National Bank of Romania and National Institute of Statistics. Based on the data collected, we will try to trace the Phillips curve. Also, the curve obtained will be analyzed and will try to identify the stage / stages in which it falls, steps taken by the Phillips curve in the postwar period and described by Milton Friedman.

Keywords: Phillips curve; Inflation rate; Unemployment rate; Natural unemployment rate (search for similar items in EconPapers)
JEL-codes: B22 E24 E31 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2014:i:3:p:198-203

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