Study of the short-term Phillips curve and the formation of the labor market in the Russian Federation

Ujakov Demian, Nayanov Evgeny A., Ignatyeva Olga V.

Inflation and unemployment are key macroeconomic indicators. The Phillips curve, which is discussed in this article, is an alternative representation of the aggregate supply. The analysis carried out in this work makes it possible to regulate aggregate demand by the method of a conscious choice between inflation and unemployment and presents a model of the influence of these indicators on the labor market and sustainable economic growth.

Keywords:inflation rate, unemployment rate, Phillips curve, regression analysis, price growth rate, wage growth rate, Solow model.