References
- Abreu, D.S., and Lopes, A.S. (2020). How to disappear completely: nonlinearity and endogeneity in the New Keynesian Wage Phillips Curve, Applied Economics Letters, DOI: 10.1080/13504851.2020.1781763
- Albuquerque, P., and U. Baumann. (2017). Will US Inflation Awake from the Dead? The Role of Slack and Non-linearity in the Phillips Curve. Journal of Policy Modelling 39 (2): 247–271.
- Arabaci, O., and Eryigit, K.D. (2012). A Threshold Regression Estimation of Philips Curve: Turkey Case. ESKİŞEHİR OSMANGAZİ ÜNİVERSİTESİ İİBF DERGİSİ, EKİM, 7:29-47
- Arize, A.C., Malindretos, J and Igwe, E.U. (2017). Do Exchange Rate Changes Improve the Trade Balance: An Asymmetric Nonlinear Cointegration Approach. International Review of Economics and Finance, http://dx.doi.org/10.1016/j.iref.2017.02.007
- Ball, L., and Mazumder, S. (2011) Inflation dynamics and the great recession. Brookings Papers on Economic Activity 42: 337–405.
- Banerjee, A., Dolado, J., and Mestre, R. (1998). Error-correction mechanism tests for cointegration in a single-equation framework. Journal of Time Series Analysis: 19 (3), 267–283.
- Barnes M. and Olivei, G. (2003). Inside and outside bounds: Threshold estimates of the Phillips curve. New England Economic Review, June, 3-18.
- Barnichon, R. and G. Mesters (2020). The Phillips multiplier. CEPR Discussion Paper Series, No 13480, Centre for Economic Policy Research.
- Bildirici, M., & Özaksoy, F. (2015). Non-linear analysis of post Keynesian Phillips Curve in Canada labor market. Procedia Economics and Finance, 38, 368–377.
- Bildirici, M.E., and Ozaksoy, F. S. (2018) Backward bending structure of Phillips Curve in Japan, France, Turkey and the U.S.A., Economic Research- Ekonomska Istraživanja, 31:1, 537-549
- Bishop, J., and Greenland, Emma (2021). Is the Phillips Curve Still a Curve? Evidence from the Regions. Reserve Bank of Australia, Research Discussion Paper No 09
- Byrne, D., and Z. Zetaike. (2019). “Missing Wage Growth in the Euro Area: Is the Wage Phillips Curve Non-linear?” Central Bank of Ireland working paper.
- Cristini, A., and Ferri, P. (2021). Nonlinear models of the Phillips curve. Journal of Evolutionary Economics, 31:1129–1155
- Correa, A. S., and Minella, A. (2010). Nonlinear mechanisms of the exchange rate pass-through: a Phillips curve model with threshold for Brazil. Revista Brasileira de Economia, 64: 231 – 243
- Chortareas, G., Magonis, G., and Panagiotidis, T. (2011). The asymmetry of the New Keynesian Phillips Curve in the euro-area. Economics Letters, 114: 161-163
- Debelle, G., and Laxton, D. (1997). Is the Philips curve really a curve? Some evidence for Canada. The United Kingdom, and the United States, IMF Sta! Papers 44, International Monetary Fund, Washington.
- Doser, A., Ricardo, C.N., Nikhil, R., and Viachesla, S. (2017). Inflation Expectations and Nonlinearities in the Phillips Curve. Federal Reserve Bank of Boston Working Paper No. 17-11.
- Detmeister, A.K., and Babb, N.R.(2017), ‘Nonlinearities in the Phillips Curve for the United States: Evidence Using Metropolitan Data’, Board of Governors of the Federal Reserve System Finance and Economics Discussion Series No 2017-070.
- Enders, W. and Hurn, S. (2002). Asymmetric price adjustment and the Phillips curve. Journal of Macroeconomics, 24(3): 395-412.
- Eliasson A. (2001), “Is the short-run Phillips curve nonlinear? Empirical evidence for Australia, Sweden and the United States”, Sveriges Riksbank Working Paper No. 124.
- Filardo, A. (1998), “New evidence on the output cost of fighting inflation”, Federal Reserve Bank of Kansas City Economic Review, 3rd Quarter, 33-61.
- Forbes, K. J., Gagnon, J.E., and Collins, C.G. (2021). Low Inflation Bends the Phillips Curve around the World. Working Paper 20-6, Peterson Institute for International Economics.
- Folawewo, A.O., and Adeboje, O.M. (2017). Macroeconomic Determinants of Unemployment: Empirical Evidence from Economic Community of West African States. African Development Review, 29:197–210
- Fu, B. (2019). Is the slope of the Phillips curve time-varying? Evidence from unobserved components models. Economic Modelling, 88(C):320–340
- Gatt, W. (2016). Time variation, asymmetry and threshold effect in Malta’s Phillips curve, CBM Working Papers, No. WP/02/2016, Central Bank of Malta, Valletta
- Hasanov M., Arac A. and Telatar F. (2010). Nonlinearity and structural stability in the Phillips curve: Evidence from Turkey. Economic Modelling, 27, 1103-1115.
- Ho, S.Y., and Iyke, B.N. (2018). Unemployment And Inflation: Evidence Of A Nonlinear Phillips Curve In The Eurozone. The Journal of Developing Areas, Volume 53, Number 4
- Hooper, P., Mishkin, F.S., and Sufi, A. (2019) Prospects for inflation in a high pressure economy: Is the Phillips curve dead or is it just hibernating? NBER Working Papers 25792, National bureau of economic research, Inc
- Huh, H., and Jang, I. (2007). Nonlinear Phillips curve, sacrifice ratio, and the natural rate of unemployment. Economic Modelling 24: 797–813
- ILO (2020). ILOSTAT database. Data retrieved on March 1, 2020.
- Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115(1), 53e74. http://dx.doi.org/10.1016/S0304-4076(03)00092-7.
- Kobbi, I., and Gabsi, F. (2017). The Nonlinearity of the New Keynesian Phillips Curve: The Case of Tunisia. Mdpi/journal of economies, 5, 24; doi:10.3390/economies5030024
- Kumar, A., and Orrenius, M.P. (2016) A closer look at the Phillips curve using state-level data. What Monetary Policy Can and Cannot Do. Journal of Macroeconomics, 47:84–102
- Kao, C., & Chiang, M.-H. (1999). On the estimation and Inference of A cointegrated regression in panel data. New York.
- Levin, A., Lin, C. F., & Chu, C. S. J. (2002). Unit root tests in panel data: Asymptotic and finite-sample properties. Journal of Econometrics, 108(1), 1e24. http://dx.doi.org/10.1016/S0304-4076(01)00098-7.
- Laxton, D., Rose, D., Tambakis, D. (1999). The U.S. Phillips curve: the case for asymmetry. Journal of Economic Dynamics and Control 23, 1459–1485.
- Mallick, D. (2019). Policy regimes and the shape of the Phillips curve in Australia. Journal of Policy Modeling 41: 1077–1094
- Mutascu, M. (2019). Phillips curve in US: New insights in time and frequency. Research in Economics, 73: 85–96
- Musso, A., Stracca, L., and Dijik, D.V. (2007). Instability and Non-linearity in Euro Area Phillips Curve. ECB Working Paper Series, No 811
- Murphy, A. (2018). The Death of the Phillips Curve? Federal Reserve Bank of Dallas, Research Department, Working Paper 1801, https://doi.org/10.24149/wp1801
- Nalewaik, J. (2016). Non-Linear Phillips Curves with Inflation Regime-Switching. Finance and Economics Discussion Series 2016-078. Washington: Board of Governors of the Federal Reserve System.
- N’Guessan, C.F.J., (2018). Nonlinear equilibrium relationship between inflation and employment: evidence from Côte d’Ivoire. Journal of Business, Economics and Finance (JBEF),7(1):76-82
- Onatunji, O.G. (2019). Do real exchange rate changes have symmetric or asymmetric effects on trade balance in Nigeria? Evidence from Non-linear ARDL Model. The Review of Finance and Banking 11(1): 14-23
- Onatunji, O.G., Adeleke, O.K., & Adejumo, A.V. (2023). Non-linearity in the Phillips curve: evidence from Nigeria. Non-linearity in the Phillips curve: evidence from Nigeria”, African Journal of Economic and Management Studies, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/AJEMS-10-2022-0418
- Onder, A. O, (2009), The Stability of the Turkish Phillips Curve and Alternative Regime Shifting Models. Applied Economics, 41: 2597–2604.
- Ormerod, P., Rosewell, B., and Phelps, P. (2009). Inflation/Unemployment Regimes and the Instability of the Phillips Curve. Discussion Paper, No 2009-4 http://www.economics-ejournal.org/economics/discussionpapers/2009-43
- Peach, R., Rich, R.W., and Cororaton, A. (2011) How does slack influence inflation? Current Issues in Economics Finance volume 17
- Perron, P. (1989), “The great crash, the oil price shock, and the unit root hypothesis”, Econometrica, 57, pp.1361-1401.
- Pesaran, M.H., Shin, Y. and Smith, R.J. (2001), Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16: 289-326.
- Phillips, A. W. (1958). “The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957.” Economica 25 (100): 283–299.
- Shin, Y., Yu, B., and Greenwood-Nimmo, M. (2014). Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework. In Festschrift in honor of peter schmidt (pp. 281–314). Springer.
- Stiglitz, J. (1997). Reflections on the natural rate hypothesis. Journal of Economic Perspectives 11, 3-10.
- Xu, Q., Niu, X., Jiang, C., and Huang, X. (2015). The Phillips curve in the US: A nonlinear quantile regression approach. Economic Modelling, 49: 186–197
- World Bank (2018), World Development Indicator (WDI).
- Zivot, E., and D.W.K. Andrews (1992). Further evidence on the great crash, the oil-price shock, and the unit-root hypothesis. Journal of Business and Economic Statistics 10:251-270. doi: http://dx.doi.org/10.2307/1391541.