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Nonlinearity and structural stability in the Phillips curve: Evidence from Turkey

✍ Scribed by Mübariz Hasanov; Ayşen Araç; Funda Telatar

Book ID
116424060
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
638 KB
Volume
27
Category
Article
ISSN
0264-9993

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## Abstract This paper uses monthly survey data for the G7 countries for the time period 1989–2007 to explore the link between expectations on nominal wages, prices and unemployment rates as suggested by the wage and price Phillips curves. Four major findings stand out. First, we find that survey p