Open AccessInflation and Unemployment Trade-off: Is Phillips Curve True for African Developing Countries? Evidence from Sudan
Author(s) -
Omer Allagabo Omer Mustafa
Publication year - 2021
Publication title -
journal of economic science research
Language(s) - English
Resource type - Journals
ISSN - 2630-5240
DOI - 10.30564/jesr.v4i3.3243
Subject(s) - phillips curve , economics , unemployment , inflation (cosmology) , keynesian economics , macroeconomics , monetary economics , physics , theoretical physics
The relationship between wage inflation and unemployment (Phillips Curve) is controversial in economic thought, and the controversy is centered around whether there is always a trade-off or not. If this relationship is negative it is called The short-run Fillips Curve. However, in the long run, this relationship may probable not exist. The matter of how inflation and unemployment influence economic growth, is debatably among macroeconomic policymakers. This study examines the behavior of the Phillips Curve in Sudan and its effect on economic growth.