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The Global and Local in Phillips Curve

Situngkir, Hokky (2008) The Global and Local in Phillips Curve. [Departmental Technical Report]

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Abstract

The debate over the Phillips Curve - as the relation between level of unemployment rate and inflation rate - in historical economics is shortly reviewed. By using the analysis in the Extreme Value Theory, i.e.: the rank order statistics the unemployment and inflation data over countries from various regions are observed. The calculations brought us to conjecture that there exists the general pattern that could lead from the relation between unemployment and inflation rate. However, the difference patterns as observed in the Phillips Curve might could be reflected from the range of values of the local variables of the incorporated model.

Item Type:Departmental Technical Report
Keywords:rank order statistics, phillips curve, inflation, unemployment rate.
Subjects:Computer Science > Statistical Models
Computer Science > Complexity Theory
Psychology > Social Psychology
Electronic Publishing > Economics
Philosophy > Decision Theory
ID Code:6297
Deposited By: Situngkir, Mr Hokky
Deposited On:17 Dec 2008 22:13
Last Modified:11 Mar 2011 08:57

References in Article

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