Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210815 
Authors: 
Year of Publication: 
2016
Series/Report no.: 
CBM Working Papers No. WP/02/2016
Publisher: 
Central Bank of Malta, Valletta
Abstract: 
This paper estimates a Phillips curve for Malta using data since the 1960s and presents evidence that the relationship has flattened over time, implying that the link between inflation and economic activity has weakened. Further analysis finds that this phenomenon was driven by downward price stickiness, whereby the responsiveness of price inflation is limited during economic slowdowns; however the Phillips curve was and remains alive during economic booms.
JEL: 
C11
C32
E31
E32
O11
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.