Inflation rate variability and the Phillips curve

Avi Simhon; Ziv Bar-Shira

doi:10.1111/1467-9396.00282

Inflation rate variability and the Phillips curve

Avi Simhon^*
, Ziv Bar-Shira

^*Corresponding author for this work

Department of Environmental Economics and Management

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

This paper studies the relationship between inflation and unemployment by focusing on the effect of inflation rate uncertainty on real wages, employment and output. The effect of inflation on employment is shown to depend on the relationship between the mean rate of inflation and the variability of its forecasts. This can explain why the Phillips curve is negatively slopped in some periods and undetermined or positively slopped in others.

Original language	English
Pages (from-to)	329-335
Number of pages	7
Journal	Review of International Economics
Volume	9
Issue number	2
DOIs	https://doi.org/10.1111/1467-9396.00282
State	Published - May 2001

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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10.1111/1467-9396.00282

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Inflation rate variability and the Phillips curve

Abstract

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