Is the Phillips curve disappearing? Evidence from a new test procedure
This paper proposes a four-step procedure to examine a disappearance of the Phillips curve. The procedure involves estimating an initial value, computing a potential output using the state-space model, calculating a static slope coefficient of the Phillips curve and estimating a time-varying slope c...
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2021
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my.um.eprints.265562022-03-17T08:22:55Z http://eprints.um.edu.my/26556/ Is the Phillips curve disappearing? Evidence from a new test procedure Furuoka, Fumitaka Pui, Kiew Ling Chomar, Ma Tin Nikitina, Larisa HC Economic History and Conditions Business This paper proposes a four-step procedure to examine a disappearance of the Phillips curve. The procedure involves estimating an initial value, computing a potential output using the state-space model, calculating a static slope coefficient of the Phillips curve and estimating a time-varying slope coefficient. This analytical sequence was employed to examine data from ASEAN countries. The findings indicated a trend of a disappearing Phillips curve in the region. Taylor & Francis 2021-03-30 Article PeerReviewed Furuoka, Fumitaka and Pui, Kiew Ling and Chomar, Ma Tin and Nikitina, Larisa (2021) Is the Phillips curve disappearing? Evidence from a new test procedure. Applied Economics Letters, 28 (6). pp. 493-500. ISSN 1350-4851, DOI https://doi.org/10.1080/13504851.2020.1761528 <https://doi.org/10.1080/13504851.2020.1761528>. 10.1080/13504851.2020.1761528 |
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HC Economic History and Conditions Business Furuoka, Fumitaka Pui, Kiew Ling Chomar, Ma Tin Nikitina, Larisa Is the Phillips curve disappearing? Evidence from a new test procedure |
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This paper proposes a four-step procedure to examine a disappearance of the Phillips curve. The procedure involves estimating an initial value, computing a potential output using the state-space model, calculating a static slope coefficient of the Phillips curve and estimating a time-varying slope coefficient. This analytical sequence was employed to examine data from ASEAN countries. The findings indicated a trend of a disappearing Phillips curve in the region. |
| format |
Article |
| author |
Furuoka, Fumitaka Pui, Kiew Ling Chomar, Ma Tin Nikitina, Larisa |
| author_facet |
Furuoka, Fumitaka Pui, Kiew Ling Chomar, Ma Tin Nikitina, Larisa |
| author_sort |
Furuoka, Fumitaka |
| title |
Is the Phillips curve disappearing? Evidence from a new test procedure |
| title_short |
Is the Phillips curve disappearing? Evidence from a new test procedure |
| title_full |
Is the Phillips curve disappearing? Evidence from a new test procedure |
| title_fullStr |
Is the Phillips curve disappearing? Evidence from a new test procedure |
| title_full_unstemmed |
Is the Phillips curve disappearing? Evidence from a new test procedure |
| title_sort |
is the phillips curve disappearing? evidence from a new test procedure |
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Taylor & Francis |
| publishDate |
2021 |
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http://eprints.um.edu.my/26556/ |
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