Revisiting the Phillips Curve: a Comparative Analysis of Inflation and Unemployment Dynamics in India and Usa (2014-2023)
During 1960s Phillips curve was one of the most important theories of the modern economists. The curve advocates the relationship between inflation and unemployment. This paper revisits the theory using the two different labor markets and monetary policies countries: India and USA. For the purpose o...
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| Published in | International Journal For Multidisciplinary Research Vol. 7; no. 4 |
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| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
24.08.2025
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| Online Access | Get full text |
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| Summary: | During 1960s Phillips curve was one of the most important theories of the modern economists. The curve advocates the relationship between inflation and unemployment. This paper revisits the theory using the two different labor markets and monetary policies countries: India and USA. For the purpose of study annual data for inflation rate and unemployment rate were collected from world bank database for India and USA, covering the period from 2014 to 2023. The collected data is then interpreted using descriptive statistics and ordinary least square regression is applied to understand the relationship between employment and inflation. |
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| ISSN: | 2582-2160 2582-2160 |
| DOI: | 10.36948/ijfmr.2025.v07i04.53448 |