Is the Phillips curve disappearing? Evidence from a new test procedure

Authors

• Fumitaka FuruokaFollow
• Kiew Ling Pui
• Ma Tin ChomarFollow
• Larisa NikitinaFollow

Document Type

Article

Publication Date

3-30-2021

Abstract

This paper proposes a four-step procedure to examine a disappearance of the Phillips curve. The procedure involves estimating an initial value, computing a potential output using the state-space model, calculating a static slope coefficient of the Phillips curve and estimating a time-varying slope coefficient. This analytical sequence was employed to examine data from ASEAN countries. The findings indicated a trend of a disappearing Phillips curve in the region.

Keywords

Phillips curve, Rolling window method, State-space model, ASEAN

Publication Title

Applied Economics Letters

Recommended Citation

Furuoka, Fumitaka; Pui, Kiew Ling; Chomar, Ma Tin; and Nikitina, Larisa, "Is the Phillips curve disappearing? Evidence from a new test procedure" (2021). Research Publications (2021 to 2025). 11720.
https://knova.um.edu.my/research_publications_2021_2025/11720

Divisions

aei

Funders

Tun Ismail Ali Chair (TIACRG2018.23)

Volume

28

Issue

6

Publisher

Taylor & Francis

Publisher Location

2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND