The Relationship between Inflation and Unemployment in Romania According to the Phillips Curve

Alexandru Trifu,Diana-Viorica Lupu,Roxana Angela Calistru and Andreea-Iuliana Martinca

Abstract:

The aim of this article is to show the relationship between the rate of inflation and the rate of unemployment based on Phillips’ curve theory and through the analysis of what has happened in Romania in this respect from 1990 up to now. The main phenomenon noticed is that the Phillips curve has not been applicable every year.