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A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor force. The link between the involved variables is a linear one with all coefficients of individual and generalized models obtained empirically. To achieve the best fit between measured and predicted time series cumulative curves are used as a simplified version of the 1-D boundary elements method. All models for Australia are similar to those obtained for the US, France, Japan and other developed countries and thus validate the concept and related quantitative model.

Item Type: MPRA Paper -

Original Title: The Australian Phillips curve and more-

English Title: The Australian Phillips curve and more-

Language: English-

Keywords: inflation, unemployment, labor force, modeling, Australia-

Subjects: J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J21 - Labor Force and Employment, Size, and StructureE - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General OutlookE - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles-

Autor: Kitov, Ivan


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