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La curva de Phillips para la economía cubana. Un análisis empírico

Malena Portal Boza (), Duniesky Feitó Madrigal () and Sergio Valdes ()
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Malena Portal Boza: Universidad Autónoma de Baja California
Duniesky Feitó Madrigal: Universidad Autónoma de Baja California
Sergio Valdes: Universidad Autónoma de Baja California

No 27, Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la Universidad Autónoma de Ciudad Juárez. from Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez

Abstract: This paper analyzes the Phillips curve for the Cuban economy during the period 1990-2009 focusing on the economic crisis of this period derived from the fall of the socialist camp and the disappearance of the Council of Mutual Economic Assistance (CMEA). The results indicate that although the theory of the Phillips Curve was used in many countries to keep unemployment at low levels while high inflation was tolerated, Cuba's experience has shown that a country can have simultaneous inflation and high unemployment.

Keywords: Phillips Curve; unemployment; inflation; Cuban Economy. (search for similar items in EconPapers)
JEL-codes: E24 N16 P24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ger and nep-mac
Date: 2015-05-01, Revised 2015-05-01
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