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  • 标题:The Challenge of Application of Phillips Curve: The Case of Croatia
  • 本地全文:下载
  • 作者:Družić, Ivo ; Tica, Josip ; Mamić, Ante
  • 期刊名称:Zagreb International Review of Economics and Business
  • 印刷版ISSN:1331-5609
  • 出版年度:2006
  • 卷号:SCI
  • 期号:1
  • 页码:45-59
  • 出版社:Ekonomski fakultet Sveučilišta u Zagrebu
  • 摘要:In this paper hypothesis of relation between unemployment and the rate of change in prices is tested in Croatia with data spanning from 1962 to 2004. Empirical test is designed with a goal of testing the original Phillips curve developed by A. W. Phillips and adaptive expectation augmented Phillips curve designed by Edmund S. Phelps. Since both these versions of the relationship were designed for the US economy, authors suggest a new theory of accommodation through insolvency for the Croatian economy.
  • 关键词:the Phillips curve; insolvency; transition; Croatia
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