Is the Phillips curve disappearing? Evidence from a new test procedure

Furuoka, Fumitaka and Pui, Kiew Ling and Chomar, Ma Tin and Nikitina, Larisa (2021) Is the Phillips curve disappearing? Evidence from a new test procedure. Applied Economics Letters, 28 (6). pp. 493-500. ISSN 1350-4851, DOI

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This paper proposes a four-step procedure to examine a disappearance of the Phillips curve. The procedure involves estimating an initial value, computing a potential output using the state-space model, calculating a static slope coefficient of the Phillips curve and estimating a time-varying slope coefficient. This analytical sequence was employed to examine data from ASEAN countries. The findings indicated a trend of a disappearing Phillips curve in the region.

Item Type: Article
Funders: Tun Ismail Ali Chair (TIACRG2018.23)
Uncontrolled Keywords: Phillips curve; Rolling window method; State-space model; ASEAN
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HF Commerce > Business
Divisions: Deputy Vice Chancellor (Academic & International) Office > Asia-Europe Institute
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 17 Mar 2022 08:22
Last Modified: 17 Mar 2022 08:22

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