Research Discussion Paper – RDP 1999-01 The Phillips Curve in Australia


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.


Economic Research Department, Reserve Bank of Australia [*]

Australian National University [**]