Does the Phillips Curve Disappear after the Millennium
學年 101
學期 2
出版（發表）日期 2013-03-01
作品名稱 Does the Phillips Curve Disappear after the Millennium
作品名稱（其他語言）
著者 Nieh, Chien-Chung; Fan, Yi-Jen
單位 淡江大學財務金融學系
出版者
著錄名稱、卷期、頁數 The Empirical Economics Letters 12(3), pp.327-337
摘要 This paper uses the panel smooth transition regression (PSTR) model to reexamine the efficiency of the Phillips curve for seven efficiency-driven countries defined by the WEF (World Economic Forum) over the period from 2000 to 2010. In contrast to the Phillips curve estimated within a linear framework, the result of the LM test shows that the data used to fit the nonlinear model is superior. This empirical investigation indicates that the trade off relationship will disappear if the quarterly percentage change of the interest rate is between -0.70% and 14.84%, or if the ratio of government expenditure to GDP is higher than 20.92%.
關鍵字 Phillips Curve; government policy; PSTR model
語言 en_US
ISSN 1681-8997
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度 是
國別
公開徵稿
出版型式 紙本
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