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  1. 1 Optimum. Studia Ekonomiczne

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  1. 1 Kruszka M.

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  1. 1 2007

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PHILLIPS CURVE VERSUS UNEMPLOYMENT RATE BALANCE IN THE USA ECONOMY

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Kruszka M.
Optimum. Studia Ekonomiczne
|
2007
|
issue 4(36)
123-144
EN
The basic objective of this article was to make an empirical analysis of dependencies characteristic of Phillips curve in the USA economy. The results of econometric estimates prove existence of mutual relationship between unemployment and dynamics of wages or prices. Consequently, it is possible to define unemployment rate balance which changes in time and is determined by dynamics of labor efficiency.
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