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ÖZGÜN PHİLLİPS EĞRİSİNİN SİSTEM DİNAMİĞİ MODELİ

SYSTEM DYNAMICS MODEL OF THE ORIGINAL PHILLIPS CURVE

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Abstract (2. Language): 
An empirical inverse relation is argued between wage inflation and unemployment rate by Phillips(1958). This relation is later called Phillips Curve and interpreted as a trade-off between inflation and unemployment. In this study, we argue that the trade-off interpretation is incorrect and there is a disequilibrium explanation for the empirical inverse relation. We propose a system dynamics model which explains the phenomena and discuss the simulation results.
Abstract (Original Language): 
Ücret enflasyonu ile işsizlik oranı arasında ampirik bir ters yönlü ilişki olduğu Phillips (1958) tarafından öne sürüldü. Bu ilişki daha sonra Phillips Eğrisi olarak adlandırıldı ve enflasyon ile işsizlik oranı arasındaki bir ödünleşim olarak yorumlandı. Bu çalışmada ödünleşim yorumunun yanlış olduğu ve ampirik ters yönlü ilişkinin denge dışı bir açıklamasının olduğunu iddia edilmektedir. Bu fenomeni açıklayan bir system dinamiği modeli önerilmektedir ve simülasyon sonuçları tartışılmaktadır.
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