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Original Articles

Testing the hypothesis of Phillips curve trade-off: a regime switching approach

Pages 645-647 | Published online: 06 Oct 2010

References

  • Friedman , M. 1968 . The role of monetary policy . American Economic Review , 58 : 1 – 17 .
  • Hamilton , J. 1989 . A new approach to the economic analysis of nonstationary time series and business cycles . Econometrica , 57 : 357 – 384 .
  • Hamilton , J. 1990 . Analysis of time series subject to changes in regime . Journal of Econometrics , 45 : 39 – 70 .
  • Kim , C.-J. 1994 . Dynamic linear models with Markov switching . Journal of Econometrics , 60 : 1 – 22 .
  • Lucas , R. E. Jr . 1973 . Some international evidence on output-inflation tradeoffs . American Economic Review , 63 : 326 – 334 .
  • Lucas , R. E. Jr . 1976 . Econometric policy evaluation: a critique . Carnegie-Rochester Conference Series on Public Policy , 1 : 19 – 46 .
  • Phillips , A. W. 1958 . The relationship between unemployment and the rate of change of money wage rates in the United Kingdom, 1861–1957 . Economica , 25 : 283 – 299 .

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