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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.\r\n"
altloc: []
chapter: ~
commentary: ~
commref: ~
confdates: ~
conference: ~
confloc: ~
contact_email: ~
creators_id: []
creators_name:
  - family: Situngkir
    given: Hokky
    honourific: ''
    lineage: ''
date: 2008-11-07
date_type: published
datestamp: 2008-12-17 22:13:15
department: 'Computational Sociology '
dir: disk0/00/00/62/97
edit_lock_since: ~
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editors_id: []
editors_name: []
eprint_status: archive
eprintid: 6297
fileinfo: /style/images/fileicons/application_pdf.png;/6297/1/2008%2D14.pdf
full_text_status: public
importid: ~
institution: Bandung Fe Institute
isbn: ~
ispublished: pub
issn: ~
item_issues_comment: []
item_issues_count: 0
item_issues_description: []
item_issues_id: []
item_issues_reported_by: []
item_issues_resolved_by: []
item_issues_status: []
item_issues_timestamp: []
item_issues_type: []
keywords: 'rank order statistics, phillips curve, inflation, unemployment rate.'
lastmod: 2011-03-11 08:57:17
latitude: ~
longitude: ~
metadata_visibility: show
note: ~
number: ~
pagerange: ~
pubdom: TRUE
publication: ~
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refereed: TRUE
referencetext: "Chiarella, C., Flaschel, P., Gong, G., and Semmler, W.(2003). ”Nonlinear Phillips Curve, Complex Dynamics and Monetary Policy in a Keynesian Macro Model”. Chaos, Solitons Fractals 18.\r\n\r\nEspinosa-Vega, M. A. Russel, S. (1997). ”History and Theory of the NAIRU: A Critical Review”. Federal Reserve Bank of Atlanta Economic Review 2nd Quarter. Federal Reserve Bank of Atlanta.\r\n\r\nFriedman, M. (1968). ”The role of monetary policy. American Economic Review Papers and Proceedings 58 (1).\r\n\r\nFrisch, H. (1983). Theories of Inflation. Cambridge UP.\r\n\r\nKeynes, J. M. (1953, 1964). The General Theory of Employment, Interest, and Money. Harcourt Brace.\r\n\r\nPhillips, A. W. (1958). ”The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957” Economica New Series 25 (100).\r\n\r\nSalvadori, G., de Michele, C., Kottegoda, N. T., Rosso, R. (2007). Extremes in Nature: An Approach Using Copulas. Springer.\r\n\r\nSamuelson, P. A. and Solow, R. M. (1960). Analytical Aspects of Anti-Inflation Policy. American Economic Review 50.\r\n\r\nSchulz, M. (2003). Statistical Physics and Economics: Concepts, Tools, and Applications. Springer.\r\n\r\nSitungkir, H. (2005). ”Value at Risk yang memperhatikan sifat statistika distribusi return”. BFI Working Paper Series WPD2006. URL: http://www.bandungfe.net/?go=xpecrp=44ce4700\r\n\r\nSurya, Y., Situngkir, H., dkk. (2008). Solusi untuk Indonesia: Prediksi Kompleksitas/Ekonofisik. Kandel.\r\n\r\nTurnovsky, S. J. (2000). Methods of Macroeconomic Dynamics, 2nd ed. MIT Press.\r\n\r\nZipf, G. K. (1949). Human Behavior and the Principle of Least Effort. Addison-Wesley."
relation_type: []
relation_uri: []
reportno: WP-XIV-2008
rev_number: 31
series: ~
source: ~
status_changed: 2008-12-17 22:13:15
subjects:
  - comp-sci-stat-model
  - comp-sci-complex-theory
  - soc-psy
  - economics
  - phil-dec-theory
succeeds: ~
suggestions: ~
sword_depositor: ~
sword_slug: ~
thesistype: ~
title: "The Global and Local in Phillips Curve\r\n"
type: techreport
userid: 4745
volume: ~
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