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The Australian Phillips curve and more

Author

Listed:
  • Ivan Kitov
  • Oleg Kitov

Abstract

A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor force. The link between the involved variables is a linear one with all coefficients of individual and generalized models obtained empirically. To achieve the best fit between measured and predicted time series cumulative curves are used as a simplified version of the 1-D boundary elements method. All models for Australia are similar to those obtained for the US, France, Japan and other developed countries and thus validate the concept and related quantitative model.

Suggested Citation

  • Ivan Kitov & Oleg Kitov, 2011. "The Australian Phillips curve and more," Papers 1102.1851, arXiv.org.
    • Handle: RePEc:arx:papers:1102.1851
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    File URL: http://arxiv.org/pdf/1102.1851
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. As we predicted in 2010,a longer deflation period has started in Australia
      by Ivan Kitov in Economics as Classical Mechanics on 2017-01-13 20:26:00

    More about this item

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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