Özet:

The Phillips Curve, which represents the mutual interaction between the rate of exchange in monetary wages and the rate of unemployment, first appeared in 1958, contributing significantly to the economy. The Phillips Curve, which has been treated differently since and after the 1960s, has expressed the mutual interaction between inflation and unemployment. This study aimed at examining the validity of Phillips Curriculum in Turkey. The data used for this purpose in the study is annual and covers the period 1988-2017. The study used the ordinary smallest squares (OLS) forecast as an econometric method and the Johansen (1988, 1991) matching test methods. The usual smallest square (OLS) forecast method and the Johansen (1988, 1991) matching test results indicated that the Phillips Curve was valid in Turkey for the period 1988-2017. Unemployment rate and inflation rate variables have been predicted twice by the ordinary smallest quarter (OLS) forecast method determined as separate independent variables. Johansen (1988, 1991) integration test results have identified the long-term relationship between unemployment rate, inflation rate, export goods unit value index, import goods unit value index and broad-defined monetary growth variables. Therefore, it is believed that the Central Bank of the Republic of Turkey (TCMB) will be useful to carry out policies taking into account the relevant relationship between inflation and unemployment in the context of ensuring andining price stability in the subsequent process.

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