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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| Main Authors: | , , , |
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| Format: | Article |
| Published: |
Taylor & Francis
2021
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/26556/ |
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| Institution: | Universiti Malaya |