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Relationship Between Inflation And Unemployment In Romania, Age Group 20-24 Years

Author

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  • Ortansa T. FLOREA (MOISE)

    (University of Economic Studies, Bucharest, Romania)

Abstract

Romania, like many other states, is affected by two major imbalances: inflation and unemployment. The article proposes an analysis of the inflation – unemployment relationship over time and particularly the coverage of this relationship in Romania, considering the age group 20-24 years. In order to identify this relationship, it will be used data from the National Bank of Romania and National Institute of Statistics. Based on the data collected, we will try to trace the Phillips curve. Also, the curve obtained will be analyzed and will try to identify the stage / stages in which it falls, steps taken by the Phillips curve in the postwar period and described by Milton Friedman.

Suggested Citation

  • Ortansa T. FLOREA (MOISE), 2014. "Relationship Between Inflation And Unemployment In Romania, Age Group 20-24 Years," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 3, pages 198-203, April.
    • Handle: RePEc:cmj:seapas:y:2014:i:3:p:198-203
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    References listed on IDEAS

    as
    1. Georgiana BALABAN & Denis VÎNTU, 2010. "Testing the Nonlinearity of the Phillips Curve. Implications for Monetary Policy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 4(4(545)), pages 101-120, April.
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    More about this item

    Keywords

    Phillips curve; Inflation rate; Unemployment rate; Natural unemployment rate;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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