The Australian Phillips curve and more

Details The Australian Phillips curve and more The Australian Phillips curve and more

2011-02-09

arxiv.org/abs/1102.1851v1

Economy

Quantitative Finance

General Finance

25 pages, 12 figures

Scientific paper

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.

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