The study aims at formulating the new concept and the role of expectations in Phillips curve analysis . The review of current controversy about relationship between inflation & unemployment is made . Keynesian approach focuses trade-off between two variables , monetarism based on natural unemployment rate and concept of NAIRU. Rational expectations inclined a different towards and linking a relation with output. applied studies concluded which tested this relation to validity of rational expectations hypothesis to explain of Phillips curve.
S. Halal,J and M. Aljanabi,N . (2010). Expectations Role In Phillips Curve Analysis: Theorems Thesis's. AL-Qadisiyah Journal For Administrative and Economic sciences, 11(2), 96-121.
MLA
S. Halal,J , and M. Aljanabi,N . "Expectations Role In Phillips Curve Analysis: Theorems Thesis's", AL-Qadisiyah Journal For Administrative and Economic sciences, 11, 2, 2010, 96-121.
HARVARD
S. Halal J, M. Aljanabi N. (2010). 'Expectations Role In Phillips Curve Analysis: Theorems Thesis's', AL-Qadisiyah Journal For Administrative and Economic sciences, 11(2), pp. 96-121.
CHICAGO
J S. Halal and N M. Aljanabi, "Expectations Role In Phillips Curve Analysis: Theorems Thesis's," AL-Qadisiyah Journal For Administrative and Economic sciences, 11 2 (2010): 96-121,
VANCOUVER
S. Halal J, M. Aljanabi N. Expectations Role In Phillips Curve Analysis: Theorems Thesis's. AL-Qadisiyah Journal For Administrative and Economic sciences. 2010;11(2):96-121.
