TY  - JOUR
T1  - Inflation targeting and unemployment rate in Malaysia: The threshold regression approach
A1  - Taasim, Shairilizwan
PB  - Enriched Publications
YR  - 2022
UL  - http://discoverylib.upm.edu.my/discovery/Record/oai:psasir.upm.edu.my:101881
AB  - Abstract: The first concern is a matter of theory the Phillips curve which show the
trade-off relationship between the inflation and unemployment rates. Hence, this
study aims to estimate threshold effects using the threshold autoregressive model
proposed by Hansen (2000). In the context of Malaysia, we employed the monthly
data from 2015 to 2022 to address the relationship between inflation and the
unemployment rate. Specifically, we found difference with two perspectives on the
relationship. The most interesting finding of this study is the higher inflation with
existence of the Phillips curve in the short run. Therefore, a lower inflation rate
results in higher unemployment rate relationship.
ER  -