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Expectations Role In Phillips Curve Analysis: Theorems Thesis's | ||
| AL-Qadisiyah Journal For Administrative and Economic sciences | ||
| Article 1, Volume 11, Issue 2, 2010, Pages 96-121 PDF (0 K) | ||
| Authors | ||
| Jenan S. Halal; Nabil M. Aljanabi | ||
| Abstract | ||
| The study aims at formulating the new concept and the role of expectations in Phillips curve analysis . The review of current controversy about relationship between inflation & unemployment is made . Keynesian approach focuses trade-off between two variables , monetarism based on natural unemployment rate and concept of NAIRU. Rational expectations inclined a different towards and linking a relation with output. applied studies concluded which tested this relation to validity of rational expectations hypothesis to explain of Phillips curve. | ||
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