Since 2014
The Phillips Curve and Oil Prices
International Research in Economics and Finance
View Archive Info| Field | Value | |
| Title |
The Phillips Curve and Oil Prices
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| Creator |
Simister, John
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| Description |
This paper investigates the “Phillips curve”, a controversial topic in macroeconomics. Many economists claim the Phillips curve is unreliable; recent evidence suggests economists should reconsider the Phillips curve. In particular, this paper investigates a modified Phillips curve, broadly consistent with the 1958 paper by Phillips: it includes import prices as an important influence on inflation. Analysis begins with UK data, as a case study: three Figures are shown, with a discussion on effects of OPEC global oil prices-rises in 1970s. This paper reports regression evidence, for nine countries, which support the idea that the Phillips curve is clearer if we control for import prices.
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| Publisher |
July Press Pte.Ltd.
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| Contributor |
—
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| Date |
2017-12-10
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://journal.julypress.com/index.php/iref/article/view/272
10.20849/iref.v1i1.272 |
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| Source |
International Research in Economics and Finance; Vol 1, No 1 (2017); p62
2591-734X 2529-8038 |
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| Language |
eng
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| Relation |
http://journal.julypress.com/index.php/iref/article/view/272/223
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| Rights |
Copyright (c) 2017 John Simister
http://creativecommons.org/licenses/by/4.0 |
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