The Implementation of the Phillips Curve to Romania’s Realities

Ioneci Mihaela () and Mîndreci Georgiana ()
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Ioneci Mihaela: „Constantin Brâncoveanu” University of Pitesti
Mîndreci Georgiana: „Constantin Brâncoveanu” University of Pitesti

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 993-996

Abstract: The Phillips curve represents a tool used in economics which presents the relationship between the rate of unemployment and the rate of inflation. Its analysis using the values recorded by these two indicators in Romania shows the existence of a link between these two rates only on short term. The choice between these two macroeconomic imbalances is difficult given that there is no link between indicators to allow influencing one by means of another.

Keywords: the Phillips curve; inflation; unemployment (search for similar items in EconPapers)
JEL-codes: E24 E31 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:993-996

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