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- W11518687 abstract "The paper utilizes international panel data of OECD countries during 1971~2007, such asemployment rate and inflation rate, etc., to investigate the nonlinear characteristics of thePhillips curve. It is shown that the Phillips curve is not a simple linear relation; instead, thereis an obvious nonlinear characteristic. Using the panel threshold model and smoothtransition model, it is shown that the relation between inflation rate and unemployment ratechanges with the change in inflation rate. The substitution relation between them is veryobvious under high inflation, but the obviously weakened and even disappears in lowinflation condition." @default.
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- W11518687 date "2010-09-01" @default.
- W11518687 modified "2023-09-27" @default.
- W11518687 title "Nonlinear Characteristics of Phillips Curve: The International Evidence from Panel Data" @default.
- W11518687 hasPublicationYear "2010" @default.
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