How has the Philipps curve developed in the 21st century in Sweden and what are the possible reasons behind this development?
This thesis investigates the development of the Philipps curve in the 21st century, with focus on Sweden in comparison to Germany and the USA. Using a VAR model with impulse response functions the study analyses if the classic inverse relationship between unemployment and inflation is accurate or has weakened over time. The findings suggest that the traditional negative relationship appears to hav
