Inflation targeting and unemployment rate in Malaysia: The threshold regression approach
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 Malay...
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Enriched Publications
2022
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my.upm.eprints.1018812024-02-29T07:17:58Z http://psasir.upm.edu.my/id/eprint/101881/ Inflation targeting and unemployment rate in Malaysia: The threshold regression approach Taasim, Shairilizwan Teruki, Neilson Wong, Sing Yun Pinjaman, Saizal 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. Enriched Publications 2022 Article PeerReviewed Taasim, Shairilizwan and Teruki, Neilson and Wong, Sing Yun and Pinjaman, Saizal (2022) Inflation targeting and unemployment rate in Malaysia: The threshold regression approach. Empirical Economics Letters, 21 (12). pp. 33-40. ISSN 1681-8997 http://www.eel.my100megs.com/volume-21-number-12.htm |
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Universiti Putra Malaysia |
| building |
UPM Library |
| collection |
Institutional Repository |
| continent |
Asia |
| country |
Malaysia |
| content_provider |
Universiti Putra Malaysia |
| content_source |
UPM Institutional Repository |
| url_provider |
http://psasir.upm.edu.my/ |
| description |
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. |
| format |
Article |
| author |
Taasim, Shairilizwan Teruki, Neilson Wong, Sing Yun Pinjaman, Saizal |
| spellingShingle |
Taasim, Shairilizwan Teruki, Neilson Wong, Sing Yun Pinjaman, Saizal Inflation targeting and unemployment rate in Malaysia: The threshold regression approach |
| author_facet |
Taasim, Shairilizwan Teruki, Neilson Wong, Sing Yun Pinjaman, Saizal |
| author_sort |
Taasim, Shairilizwan |
| title |
Inflation targeting and unemployment rate in Malaysia: The threshold regression approach |
| title_short |
Inflation targeting and unemployment rate in Malaysia: The threshold regression approach |
| title_full |
Inflation targeting and unemployment rate in Malaysia: The threshold regression approach |
| title_fullStr |
Inflation targeting and unemployment rate in Malaysia: The threshold regression approach |
| title_full_unstemmed |
Inflation targeting and unemployment rate in Malaysia: The threshold regression approach |
| title_sort |
inflation targeting and unemployment rate in malaysia: the threshold regression approach |
| publisher |
Enriched Publications |
| publishDate |
2022 |
| url |
http://psasir.upm.edu.my/id/eprint/101881/ http://www.eel.my100megs.com/volume-21-number-12.htm |
| _version_ |
1793157019124891648 |
| score |
13.250246 |