AU - amiri, hossein
AU - Gorji, Ebrahim
TI - Estimation of Phillips Curve with Regression Models of Smooth
PT - JOURNAL ARTICLE
TA - JSE
JN - JSE
VO - 1
VI - 3
IP - 3
4099 - http://jfm.khu.ac.ir/article-1-216-en.html
4100 - http://jfm.khu.ac.ir/article-1-216-en.pdf
SO - JSE 3
AB - 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
CP - IRAN
IN - Allmeh Tabata’i University
LG - eng
PB - JSE
PG - 169
PT - Applicable
YR - 2011