Thursday, 28 February 2013

Graph of the week: Japan's Phillips curve looks like Japan

A bit of humor today in the graph of the week section. A friend of mine living in Canada has sent me this short "paper" entitled: "Japan's Phillips Curve Looks Like Japan", by Gregor Smith from Queen's Economic Department.

It turns out that it really does look like Japan:


How funny is that? To be fair he had to reverse the unemployment rate to get the mirror image of the initial result (which was a standard downward sloping Phillips curve - in the shape of Japan of course).

Here's a map of Japan (included in the paper) to verify the comparison:

3 comments:

  1. The sign in the X axys should be positive, still, funny observation

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    Replies
    1. I know, it is in the original graph, but I guess the author wanted to have some fun with it

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  2. At the rate the united states abd western europe are going. It sure seems to be shaping up a lot like japans economy. They have had almost twentyfive years of economic stagnation.

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