Title of article :
Is the Phillips Curve Stable for Malaysia? New Empirical Evidence
Author/Authors :
TANG, Chor Foon Media Utara Resources, Malaysia , LEAN, Hooi Hooi Universiti Sains Malaysia - School of Social Sciences, Malaysia
Abstract :
The objective of this study is to investigate the stability of trade-off Phillips curve in Malaysia. The sample covers annual data from 1970 to 2005. This study finds that trade-off Phillips curve exists in Malaysia for both short run and long run. Furthermore, there is a stable long-run tradeoff relationship between the inflation and unemployment rates in Malaysia.
Keywords :
Cointegration , inflation , unemployment , Phillips curve JEL Classification: COI , E24 , E31
Journal title :
Malaysian Journal of Economic Studies
Journal title :
Malaysian Journal of Economic Studies
