e-space
Manchester Metropolitan University's Research Repository

    The Phillips Curve and Oil Prices

    Simister, J (2017) The Phillips Curve and Oil Prices. International Research in Economics and Finance, 1 (1). pp. 62-71. ISSN 2529-8038

    [img]
    Preview

    Available under License Creative Commons Attribution.

    Download (259kB) | Preview

    Abstract

    This paper investigates the “Phillips curve”, a controversial topic in macroeconomics. Many economists claim the Phillips curve is unreliable; recent evidence suggests economists should reconsider the Phillips curve. In particular, this paper investigates a modified Phillips curve, broadly consistent with the 1958 paper by Phillips: it includes import prices as an important influence on inflation. Analysis begins with UK data, as a case study: three Figures are shown, with a discussion on effects of OPEC global oil prices-rises in 1970s. This paper reports regression evidence, for nine countries, which support the idea that the Phillips curve is clearer if we control for import prices.

    Impact and Reach

    Statistics

    Activity Overview
    6 month trend
    375Downloads
    6 month trend
    426Hits

    Additional statistics for this dataset are available via IRStats2.

    Altmetric

    Repository staff only

    Edit record Edit record