The Australian Phillips curve and more
Ivan Kitov () and
Oleg Kitov ()
Papers from arXiv.org
A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor force. The link between the involved variables is a linear one with all coefficients of individual and generalized models obtained empirically. To achieve the best fit between measured and predicted time series cumulative curves are used as a simplified version of the 1-D boundary elements method. All models for Australia are similar to those obtained for the US, France, Japan and other developed countries and thus validate the concept and related quantitative model.
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Working Paper: The Australian Phillips curve and more (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1102.1851
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