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August 24, 2025

“Revisiting the Phillips Curve: a Comparative Analysis of Inflation and Unemployment Dynamics in India and Usa (2014-2023)”

Key Points

The analysis reveals a nuanced relationship between inflation and unemployment across India and USA.
Key findings show that India's inflation rate trends differ from USA's despite similarities in unemployment patterns.
Assessment used ordinary least square regression to explore dynamics between economic indicators.
Insights from labor markets may inform future monetary policies in both countries, impacting economic strategies.

Abstract

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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Cite This Study

SUMA DRONAGIRI (Sun,) studied this question.

synapsesocial.com/papers/68af5bc1ad7bf08b1eadfca5 https://doi.org/https://doi.org/10.36948/ijfmr.2025.v07i04.53448