Bartkus, Algirdas - In: Mokslo darbai / Ekonomika / Vilniaus Universitetas 102 (2023) 2, pp. 47-67
This article presents theoretical foundations for original Phillips curve formulation and an empirical investigation … decades the majority of empirical Phillips curve type assessments are performed using the New Keynesian Phillips curve with … Phillips curve, that lead to the model with direct links to the labour market. Theoretical foundations are necessary as they …