ESTIMATION OF THE PHILLIPS CURVE IN IRAN: A NEW PERSPECTIVE (BASED ON ADAPTIVE AS WELL AS RATIONAL EXPECTATIONS)

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GORJI E.; EGHBALI A.R.

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Journal: Journal of Economic Research Year:2007 | Volume:- | Issue:80 Page(s): 121-143

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Title

ESTIMATION OF THE PHILLIPS CURVE IN IRAN: A NEW PERSPECTIVE (BASED ON ADAPTIVE AS WELL AS RATIONAL EXPECTATIONS)

Author(s)

GORJI E. | EGHBALI A.R. | Issue Writer Certificate

Keywords

PHILLIPS CURVEQ3

INFLATIONQ2

UNEMPLOYMENTQ2

ADAPTIVE EXPECTATIONSQ3

RATIONAL EXPECTATIONSQ3

Abstract

The relationship between INFLATION and UNEMPLOYMENT which is known as the "PHILLIPS CURVE" in economic literature created long history of debate among different schools of thought In this article, based on the idea of rational as well as ADAPTIVE EXPECTATIONS, we examine this relationship in the Iranian economy for the periods 1959-2004. Here, by using the moving average method within the context of the above two mentioned perspectives and by using a "complex index" method as a measure of the supply shocks, the Iranian economy will be evaluated.The results illustrate that ADAPTIVE EXPECTATIONS works. 10 other words, it verifies that there should be an inverse relationship between INFLATION and UNEMPLOYMENT in the short run, although the long run trade-otfbetween these two indicators of the well being of the economy will be vanished.

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APA: Copy

GORJI, E., & EGHBALI, A.R.. (2007). ESTIMATION OF THE PHILLIPS CURVE IN IRAN: A NEW PERSPECTIVE (BASED ON ADAPTIVE AS WELL AS RATIONAL EXPECTATIONS). TAHGHIGHAT-E-EGHTESADI, -(80), 121-143. SID. https://sid.ir/paper/11732/en

Vancouver: Copy

GORJI E., EGHBALI A.R.. ESTIMATION OF THE PHILLIPS CURVE IN IRAN: A NEW PERSPECTIVE (BASED ON ADAPTIVE AS WELL AS RATIONAL EXPECTATIONS). TAHGHIGHAT-E-EGHTESADI[Internet]. 2007;-(80):121-143. Available from: https://sid.ir/paper/11732/en

IEEE: Copy

E. GORJI, and A.R. EGHBALI, “ESTIMATION OF THE PHILLIPS CURVE IN IRAN: A NEW PERSPECTIVE (BASED ON ADAPTIVE AS WELL AS RATIONAL EXPECTATIONS),” TAHGHIGHAT-E-EGHTESADI, vol. -, no. 80, pp. 121–143, 2007, [Online]. Available: https://sid.ir/paper/11732/en

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