creators_name: Situngkir, Hokky
type: techreport
datestamp: 2008-12-17 22:13:15
lastmod: 2011-03-11 08:57:17
metadata_visibility: show
title: The Global and Local in Phillips Curve

ispublished: pub
subjects: comp-sci-stat-model
subjects: comp-sci-complex-theory
subjects: soc-psy
subjects: economics
subjects: phil-dec-theory
full_text_status: public
keywords: rank order statistics, phillips curve, inflation, unemployment rate.
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.

date: 2008-11-07
date_type: published
institution: Bandung Fe Institute
department: Computational Sociology 
refereed: TRUE
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citation:   Situngkir, Hokky  (2008) The Global and Local in Phillips Curve.  [Departmental Technical Report]     
document_url: http://cogprints.org/6297/1/2008-14.pdf