IS THE PHILLIPS CURVE DIFFERENT IN POOR COUNTRIES?

Michael Bleaney · Manuela Francisco

8 citations0/0 files storedBulletin of Economic Research

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Economic Theory and Policy Unemployment and Economic Growth

Abstract

ABSTRACT It has been suggested that the Phillips curve (positive output‐inflation correlation) is inverted in poor countries. It is argued here that the truth is more complex. In poor countries temporary supply‐side shocks, for example to agricultural output, induce a negative correlation between prices and output rather than between inflation rates and output. Empirical evidence supports this hypothesis.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 8 citations exist upstream.

References

1988The Dynamic Effects of Aggregate Demand and Supply Disturbances 2012Temperature Shocks and Economic Growth: Evidence from the Last Half Century 2007Emerging Market Business Cycles: The Cycle Is the Trend 2005Business cycles in emerging economies: the role of interest rates 1995New Keynesian Economics and the Phillips Curve 1999Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts 2010Trends in Rainfall and Economic Growth in Africa: A Neglected Cause of the African Growth Tragedy 2005Fiscal deficits and inflation

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.