COMPARISON BETWEEN NEW-KEYNSIANS PHILIPS CURVE AND STANDARD PHILIPS CURVE FOR ECONOMICS OF IRAN

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GORJI E.; FOULADI M.

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Journal: Journal of Economic Research Year:2009 | Volume:44 | Issue:87 Page(s): 193-208

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Information Journal Paper

Title

COMPARISON BETWEEN NEW-KEYNSIANS PHILIPS CURVE AND STANDARD PHILIPS CURVE FOR ECONOMICS OF IRAN

Author(s)

GORJI E. | FOULADI M. | Issue Writer Certificate

Keywords

NEW-KEYNESIANS PHILIPS CURVEQ3

UNEMPLOYMENTQ2

INFLATIONQ2

DEMAND MANAGEMENT POLICIESQ3

STANDARD MODELSQ3

Abstract

Unemployment-inflation trade-off is known as Philips curve. This relationship was first defined for England economy by Professor Philips since 1958. Much development has been submitted by different economic schools about this innovation.In this paper, apart from dealing with the NEW-KEYNESIANS PHILIPS CURVE, the curve mentioned is estimated for Iranian economy. In addition, we are going to compare the result of this estimation with the result of other studies. The result shows that, in comparison with other STANDARD MODELS, NEW-KEYNESIANS PHILIPS CURVE is more corresponding with economic condition of Iran.Considering this matter, UNEMPLOYMENT-inflation trade-off exists both in long-run and short-run, however, this relationship is weaker in the long-run and politicians can influence INFLATION and UNEMPLOYMENT rate in the short-run and long-run by DEMAND MANAGEMENT POLICIES, but this influence is weaker in the long-run.

Cites

References

منحنی فیلیپس و تاثیرگذاری سیاست پولی در اقتصاد ایران

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APA: Copy

GORJI, E., & FOULADI, M.. (2009). COMPARISON BETWEEN NEW-KEYNSIANS PHILIPS CURVE AND STANDARD PHILIPS CURVE FOR ECONOMICS OF IRAN. TAHGHIGHAT-E-EGHTESADI, 44(87), 193-208. SID. https://sid.ir/paper/12121/en

Vancouver: Copy

GORJI E., FOULADI M.. COMPARISON BETWEEN NEW-KEYNSIANS PHILIPS CURVE AND STANDARD PHILIPS CURVE FOR ECONOMICS OF IRAN. TAHGHIGHAT-E-EGHTESADI[Internet]. 2009;44(87):193-208. Available from: https://sid.ir/paper/12121/en

IEEE: Copy

E. GORJI, and M. FOULADI, “COMPARISON BETWEEN NEW-KEYNSIANS PHILIPS CURVE AND STANDARD PHILIPS CURVE FOR ECONOMICS OF IRAN,” TAHGHIGHAT-E-EGHTESADI, vol. 44, no. 87, pp. 193–208, 2009, [Online]. Available: https://sid.ir/paper/12121/en

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