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A Phillips Curve for the Dominican Republic

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  • Cruz-Rodríguez, Alexis

Abstract

This paper has provided an empirical evidence to support the existence of the Phillips curve in the case of the Dominican Republic. The Phillips curve is estimated using data over the last forty years and includes a role for supply factors. The most striking feature of the model is the strong relationship between inflation and excess demand.

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File URL: http://mpra.ub.uni-muenchen.de/54114/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 54114.

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Date of creation: Aug 2008
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Publication status: Published in The Empirical Economics Letters 8.7(2008): pp. 845-850
Handle: RePEc:pra:mprapa:54114

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Keywords: Phillips curve; output gap; unemployment gap;

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References

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  1. N. Gregory Mankiw & Ricardo Reis, 2002. "Sticky Information Versus Sticky Prices: A Proposal To Replace The New Keynesian Phillips Curve," The Quarterly Journal of Economics, MIT Press, vol. 117(4), pages 1295-1328, November.
  2. Arturo Estrella & Frederic Mishkin, 1998. "Rethinking the role of NAIRU in monetary policy: implications of model formulation and uncertainty," Research Paper 9806, Federal Reserve Bank of New York.
  3. John DiNardo & Mark P. Moore, 1999. "The Phillips Curve is Back? Using Panel Data to Analyze the Relationship Between Unemployment and Inflation in an Open Economy," NBER Working Papers 7328, National Bureau of Economic Research, Inc.
  4. Jeffrey C. Fuhrer, 1995. "The Phillips curve is alive and well," New England Economic Review, Federal Reserve Bank of Boston, issue Mar, pages 41-56.
  5. Robert J. Gordon, 1997. "The Time-Varying NAIRU and Its Implications for Economic Policy," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 11-32, Winter.
  6. Cruz Rodriguez, Alexis & Francos Rodriguez, Martin, 2008. "Estimaciones alternativas del PIB potencial en la República Dominicana
    [Alternative methods to estimate the potential GDP of the Dominican Republic]
    ," MPRA Paper 15614, University Library of Munich, Germany.
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Cited by:
  1. Islam, Faridul & Shahbaz, Muhammad & Shabbir, Muhammad, 2011. "Phillips curve in a small open economy: A time series exploration of North Cyprus," MPRA Paper 28397, University Library of Munich, Germany.

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