Research Discussion Paper – RDP 1999-01 The Phillips Curve in Australia
January 1999
- Abstract
- Download the Paper 492KB
Contents
- Introduction
- Early Studies of the Australian Phillips Curve
- Recent Work on the Phillips Curve
- The Phillips Curve and Monetary Policy
- Conclusion
- Appendix A: National Wage Case Outcomes (1968–1981)
- Appendix B: Exogeneity Assumptions Relevant to Estimating Phillips Curves
- Appendix C: Time-series Properties of the Variables
- Appendix D: Technical Issues Involved in Estimating the Kalman Filter
- Appendix E: Data Description and Sources
- References
Adrian Pagan is a member of the Board of the Reserve Bank of Australia. An earlier version of this paper was presented at the Studienzentrum Gerzensee/Journal of Monetary Economics conference on ‘The Return of the Phillips Curve’, 7–10 October 1998. We would like to thank Larry Christiano, Graham Elliot, Neil Ericsson, Graeme Wells and other conference participants for their comments on the earlier version of this paper. The views expressed in this paper are those of the authors and should not be attributed to the Reserve Bank of Australia.