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Application Of Phillips Curve In Macroeconomic Analysis

Author

Listed:
  • Lect. Florin Ciurlău Ph. D

    (“Dimitrie Cantemir” Christian University Faculty of Finances, Banking and Accounting)

  • Assist. Dan- Marin Boajă Ph. D

    (“Dimitrie Cantemir” Christian University Faculty of Marketing)

  • Alin Ionuţ Ciurlău, Ph.D Student

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

The present study addresses a number of issues related to the possibility of using the Phillips curve in macroeconomic analysis. It was started from the significance of this tool in analyzing the relation between inflation and unemployment, two major imbalances always present in the life of contemporary society, without a dependence on dimension and on level of economic development, were underlined the reference moments for this tool evolution through mentioning and characterizing the most significant contributions, and were disseminate a series of contributions that may be useful for macroeconomic policy makers.

Suggested Citation

  • Lect. Florin Ciurlău Ph. D & Assist. Dan- Marin Boajă Ph. D & Alin Ionuţ Ciurlău, Ph.D Student, 2012. "Application Of Phillips Curve In Macroeconomic Analysis," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(19), pages 136-141, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2012:i:19:p:136-141
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    Keywords

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    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • 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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