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- W79360672 abstract "The Phillips Curve has proven to be one of the most important economic concepts of the post WW2 period because of the extraordinary volume of literature written both in support of, and in contradiction to, the original Inflation-Unemployment trade-off hypothesis. This study undertakes two major tasks. The first section of this thesis is devoted to a brief study of the literature regarding the Phillips curve as well as to briefly outline some of the major theoretical developments since A.W. Phillips wrote his paper in 1958. These will include such topics as the expectations augmented Phillips curve and the Natural Rate Hypothesis as well as a discussion of the supply side.The second major aim of this thesis is to try to isolate a stable Phillips curve type relationship within the Australian data for the period 1961-1989. With that in mind a variety of models which have previously been estimated with varying degrees of success in other countries will be investigated. These include the original single equation relationship postulated by Phillips, as well as two formulations of a more complex simultaneous equations system developed by McCallum and Koustas." @default.
- W79360672 created "2016-06-24" @default.
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- W79360672 date "1991-01-01" @default.
- W79360672 modified "2023-09-26" @default.
- W79360672 title "Is there a stable Phillips Curve? Some empirical evidence for Australia" @default.
- W79360672 hasPublicationYear "1991" @default.
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