TY  - UNPD
A1  - Gerlach, Stefan
A1  - Lydon, Reamonn
A1  - Stuart, Rebecca
T1  - Unemployment and inflation in Ireland: 1926-2012
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 514
N2  - Since the 1970s, the overarching view in the literature has been that a Phillips curve relationship did not exist in Ireland prior to the 1979 exchange rate break with Sterling. It was argued that, as a small open economy, prices were determined externally. To test this relationship, we study the determination of inflation between 1926 and 2012, a longer sample period than any previously used. We find that the difference between unemployment and the NAIRU is a significant determinant of inflation both in the full sample and in the subsamples spanning the periods before and after the Sterling parity link.
T3  - CFS working paper series - 514 
KW  - Ireland
KW  - historical statistics
KW  - inflation
KW  - unemployment
KW  - import prices
Y1  - 2015
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/38284
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-382848
UR  - http://ssrn.com/abstract=2663343
IS  - July 30, 2015
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -