Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2007
Past and future evolution of inflation, p(t), and unemployment, UE(t), in Japan is modeled. Both variables are … curve. This Phillips curve is characterized by a negative relation between inflation and unemployment and their synchronous … evolution: UE(t) = -0.94p(t) + 0.045. Effectively, growing unemployment has resulted in decreasing inflation since 1982. A …