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The empirical performance of the Phillips curve before and after the recent financial crisis: A comparative study for Sweden, Norway, Finland and the United Kingdom
Jönköping University, Jönköping International Business School, JIBS, Economics.
Jönköping University, Jönköping International Business School, JIBS, Economics.
2018 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The global financial crisis had a major effect on the global economy causing recessions and loss of jobs on a national scale. The purpose of this study is to investigate if the relationship between inflation and unemployment is different before and after the recent financial and economic crisis in Sweden, Norway, Finland and the United Kingdom. The Phillips curve is used in order to explain the relationship between inflation and unemployment. The paper defines the crisis as the period between 2007-2010 and will study a time period of five years before and after the crisis, using quarterly data on the unemployment rate and the inflation rate. Ordinary least squares regression was used to estimate the regression output. The findings of this paper conclude that a change in the inverse relationship of the Phillips curve has occurred when comparing pre- and post crisis periods.

Place, publisher, year, edition, pages
2018. , p. 25
Keywords [en]
Phillips curve, Unemployment, Inflation rate, OLS regression, time-series data
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-40359ISRN: JU-IHH-NAA-1-20180114OAI: oai:DiVA.org:hj-40359DiVA, id: diva2:1218037
Subject / course
JIBS, Economics
Presentation
2018-05-31, B2011, Jönköping International Business School, 09:20 (English)
Supervisors
Examiners
Available from: 2018-06-20 Created: 2018-06-14 Last updated: 2018-06-20Bibliographically approved

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  • apa
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  • nn-NB
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  • Other locale
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Output format
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  • asciidoc
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