Inflation and Unemployment Trade-off: Is Phillips Curve True for African Developing Countries? Evidence from Sudan

Authors

  • Omer Allagabo Omer Mustafa Department of Banking and Financial Studies, Sudan Academy for Banking and Financial Science, Khartoum, Sudan

DOI:

https://doi.org/10.30564/jesr.v4i3.3243

Abstract

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.

Keywords:

Phillips curve, Trade-off, Economic growth, Sudan

References

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Vol. 4 , Iss. 3 (July 2021)

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