A Phillips Curve for the Dominican Republic

Cruz-Rodríguez, Alexis (2008): A Phillips Curve for the Dominican Republic. Published in: The Empirical Economics Letters , Vol. 7, No. 8 (August 2008): pp. 845-850.

Abstract

This paper has provided an empirical evidence to support the existence of the Phillips curve in the case of the Dominican Republic. The Phillips curve is estimated using data over the last forty years and includes a role for supply factors. The most striking feature of the model is the strong relationship between inflation and excess demand.

• Item Type: MPRA Paper
• Language: English
• Keywords: Phillips curve, output gap, unemployment gap
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation

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