SHORT TERM AGGREGATED SUPPLY CURVES FOR OECD COUNTRIES IN 1991 – 2013

• Authors: Błaszczuk Dariusz J.
• Languages of publication: EN

Abstracts

EN

Politicians used to determine such macroeconomic targets as GDP growth rate, inflation rate, unemployment rate. They are interested in relationships between: unemployment rate and GDP growth rate (the Okun’s law), unemployment rate and inflation rate (the Philips curve) as well as between inflation rate and GDP growth rate (aggregate supply curve - SAS), put forth directly, eg. a straight line or a parabola, or indirectly, i.e. as a function Okun’s with inserted Philips function. SAS derived from the Okun’s and Philips curves estimated for OECD countries in the period 1991 to 2013 are analysed vis a vis curves reflecting direct relationships.

Keywords

EN

Okun's law; short-term Philips curve; neutral inflation; short-term aggregate demand curve; B curve; OECD countries

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2015
• Volume: 16
• Issue: 1
• Pages: 37-52

Dates

published

2015

Contributors

author

Błaszczuk Dariusz J.

• Department of Economics, Vistula Universi

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