sh.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • harvard-anglia-ruskin-university
  • apa-old-doi-prefix.csl
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
How does a financial crash affect the Phillips curve?
Södertörn University, School of Social Sciences, Economics.
2018 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This study investigates if there is a significant Phillips curve correlation and if the tradeoff changed during the financial crisis of 2008 in countries such as Sweden, Austria and Belgium. It tries to find the evidence for a change in the tradeoff using a time series regression model. The study will first go through the different modifications that has been done to the Phillips curve and how the theory has evolved since it was originally theorized. After that the data that was used in the regression is examined and evaluated.

The regression on the Phillips curve that follows is done in two ways, first on a Phillips curve with backward-looking inflation expectations and then a regression with anchored inflation expectations. The results are ambiguous since the regression only found significance for a tradeoff in the Phillips curve with the anchored inflation expectations and not for the backward-looking inflation expectations model which is the more conventional model to use. If we follow the model with the anchored expectations we can see that the tradeoff does exist and that it was strengthened by the financial crash of 2008 in Belgium and Austria. In Sweden however, the only results the regression provided is that a significant Phillips curve correlation is present in the economy.

Place, publisher, year, edition, pages
2018. , p. 37
National Category
Economics
Identifiers
URN: urn:nbn:se:sh:diva-37770OAI: oai:DiVA.org:sh-37770DiVA, id: diva2:1292236
Subject / course
Economics
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2019-02-28 Created: 2019-02-27 Last updated: 2019-02-28Bibliographically approved

Open Access in DiVA

fulltext(986 kB)23 downloads
File information
File name FULLTEXT01.pdfFile size 986 kBChecksum SHA-512
76df42dc4040cfe4522ce653ed8a8113e0ab1e52f9950e7d9e8f9cd7c9e0a7b99d290d254658d752217905da68e1a2b78247b9601c31aafaa0566ce0c870d0ab
Type fulltextMimetype application/pdf

By organisation
Economics
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 23 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 49 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • harvard-anglia-ruskin-university
  • apa-old-doi-prefix.csl
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf