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Information Journal Paper

Title

Inflation-Unemployment (Phillips curve), Growth-Unemployment (Okun Curve) and Inflation-Growth (Aggregate Supply Curve) Survey in Irans Economics: STR Models Approach

Pages

  33-47

Abstract

 The main objective of this study is to examine the relationship between inflation, unemployment and economic growth in terms of the Phillips, Okun and Aggregate supply curves. In this regard, we use nonlinear smooth transition autoregressive methods during the period from 1380 to 1393. The results show that A) Based on the Terasvirta Test, the Phillips curve follows the nonlinear logistic model; the Okun curve follows the exponential nonlinear model and the aggregate supply follows the linear model. B) The Phillips model follows two regimes; in the down regime, the relationship between inflation and unemployment is positive and in the up regime, this is a negative relationship. C) The Okun model follows two regimes that, in down regime, has a negative relationship between economic growth and unemployment; but in up regime, the relationship between economic growth and unemployment is positive. D) The relationship between economic growth and inflation is positive.

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    APA: Copy

    SALAHMANESH, AHMAD, Arman, Syed Azezollah, & BAKHTIARI, SEDIGHEH. (2018). Inflation-Unemployment (Phillips curve), Growth-Unemployment (Okun Curve) and Inflation-Growth (Aggregate Supply Curve) Survey in Irans Economics: STR Models Approach. IRANIAN JOURNAL OF APPLIED ECONOMICS, 8(25 ), 33-47. SID. https://sid.ir/paper/202053/en

    Vancouver: Copy

    SALAHMANESH AHMAD, Arman Syed Azezollah, BAKHTIARI SEDIGHEH. Inflation-Unemployment (Phillips curve), Growth-Unemployment (Okun Curve) and Inflation-Growth (Aggregate Supply Curve) Survey in Irans Economics: STR Models Approach. IRANIAN JOURNAL OF APPLIED ECONOMICS[Internet]. 2018;8(25 ):33-47. Available from: https://sid.ir/paper/202053/en

    IEEE: Copy

    AHMAD SALAHMANESH, Syed Azezollah Arman, and SEDIGHEH BAKHTIARI, “Inflation-Unemployment (Phillips curve), Growth-Unemployment (Okun Curve) and Inflation-Growth (Aggregate Supply Curve) Survey in Irans Economics: STR Models Approach,” IRANIAN JOURNAL OF APPLIED ECONOMICS, vol. 8, no. 25 , pp. 33–47, 2018, [Online]. Available: https://sid.ir/paper/202053/en

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