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The Australian Phillips curve and more

Ivan Kitov () and Oleg Kitov ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: inflation; unemployment; labor force; modeling; Australia (search for similar items in EconPapers)
JEL-codes: J21 E6 E3 (search for similar items in EconPapers)
Date: 2011-02-09
New Economics Papers: this item is included in nep-cis
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Working Paper: The Australian Phillips curve and more (2011) Downloads
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