SHORT TERM AGGREGATED SUPPLY CURVES FOR OECD COUNTRIES IN 1991 – 2013

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Dariusz J. Błaszczuk


Abstrakt
Politicians used to determine such macroeconomic targets as GDP growth rate, inflation rate, unemployment rate. They are interested in relationships between: unemployment rate and GDP growth rate (the Okun’s law), unemployment rate and inflation rate (the Philips curve) as well as between inflation rate and GDP growth rate (aggregate supply curve - SAS), put forth directly, eg. a straight line or a parabola, or indirectly, i.e. as a function Okun’s with inserted Philips function. SAS derived from the Okun’s and Philips curves estimated for OECD countries in the period 1991 to 2013 are analysed vis a vis curves reflecting direct relationships.

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Jak cytować
Błaszczuk, D. J. (2015). SHORT TERM AGGREGATED SUPPLY CURVES FOR OECD COUNTRIES IN 1991 – 2013. Metody Ilościowe W Badaniach Ekonomicznych, 16(1), 37–52. Pobrano z https://qme.sggw.edu.pl/article/view/3751
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