In this paper we discuss the development of Phillips curves in Australia over the forty years
since Phillips first estimated one using Australian data. We examine the central issues faced …

The hypothesized trade-off relationship between inflation rate and unemployment rate has
been known as the “Phillips curve”. Though the Phillips curve has played an important role …

This article tests for hysteresis by applying panel data unit root tests to quarterly
unemployment rates for Australian states and territories between 1982: 2 and 2002: 1. Panel …

The negative association between unemployment and inflation is known as the Phillips
Curve because the trade-off relationship between these two variables was first pointed out …

Since the introduction of inflation targeting, inflation expectations have become firmly
anchored at target and there has been a flattening of the Phillips curve. These changes …

The studies on Phillips curves relating the rate of unemployment to the rate of inflation are
the results of the search for a reliable tool for forecasting inflation and implementing …

The Phillips curve has generally been estimated in a linear framework which implies a
constant relationship between inflation and unemployment. Lately there have been several …

Abstract The New Keynesian Phillips Curve (NKPC) was developed as a response to the
New Classical critique that Keynesian macroeconomics lacked micro-foundations. The …

The unemployment rate in Australia has risen from less than 2 per cent in the late 1960s to
an average of over 8 per cent over the past fifteen years. In this paper, we examine …

The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to
policy makers as it provides an estimate of the degree of labour market slack in the …