2011•Ovidius University Annals Economic Sciences SeriesOpen access

The Implementation of the Phillips Curve to Romania’s Realities

Ioneci Mihaela, Mîndreci Georgiana

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.

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Available abstract

Key concepts: Phillips curve, Economics, Inflation (cosmology), Unemployment, Inflation rate, Keynesian economics, Macroeconomics, Econometrics