%0 Journal Article
%A amiri, hossein
%A Gorji, Ebrahim
%T Estimation of Phillips Curve with Regression Models of Smooth
%J Journal title
%V 1
%N 3
%U http://jfm.khu.ac.ir/article-1-216-en.html
%R
%D 2011
%K Phillips curve, Inflation, Unemployment, GDP Gap, Nonlinear Phillips Curve, Smooth Transition Regression Models,
%X The Phillips curve usually has been estimated in a linear framework which implies a stable constant relationship between inflation and unemployment. Some of the studies claim that the slope of the Phillips curve is a function of macroeconomic conditions and also the relationship is asymmetric. This article deals with a smooth transition regression model for relationship between inflation and unemployment for Iran, during the period of 1971 -2007. Smooth transition regression model is a non linear time series regression model which could be considered as developed form of regime switching regression model. Results show that there is a negative and nonlinear relationship between inflation and unemployment in short-term. Regarding this result it's highly important for policy makers to be able to make a relationship between these two variables
%> http://jfm.khu.ac.ir/article-1-216-en.pdf
%P 169-190
%& 169
%!
%9 Applicable
%L A-10-216-2
%+ Allmeh Tabataâ€™i University
%G eng
%@
%[ 2011