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The Implementation of the Phillips Curve to Romania’s Realities

Author

Listed:
  • Ioneci Mihaela

    („Constantin Brâncoveanu” University of Pitesti)

  • Mîndreci Georgiana

    („Constantin Brâncoveanu” University of Pitesti)

Abstract

The Phillips curve represents a tool used in economics which presents the relationship between the rate of unemployment and the rate of inflation. Its analysis using the values recorded by these two indicators in Romania shows the existence of a link between these two rates only on short term. The choice between these two macroeconomic imbalances is difficult given that there is no link between indicators to allow influencing one by means of another.

Suggested Citation

  • Ioneci Mihaela & Mîndreci Georgiana, 2011. "The Implementation of the Phillips Curve to Romania’s Realities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 993-996, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:993-996
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2011p1.pdf
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    More about this item

    Keywords

    the Phillips curve; inflation; unemployment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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