Economics, Econometrics and Finance
3 years ago

Optimal model for Romania's Phillips Curve could shape future monetary policy.

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Annals of Dunarea de Jos University of Galati Fascicle I Economics and Applied Informatics
Phillips Curve: An Empirical Research on Romania
Cristina Gabriela Zamfir, Corina Sbughea

Paper Summary

The article analyzes how changes in inflation and unemployment in Romania affect each other. The researchers looked at data from 1991 to 2018 to figure out the best model to use. They found that a backward-looking model worked best. This information can help policymakers make decisions about monetary policy in Romania.

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