Phillips Curve - Switzerland

 Phillips Curve

Switzerland has maintained a very steady rate of unemployment throughout the past 10 years. This has resulted in a chart showing mostly inflation data and some extreme events of unemployment. The average inflation rate for the past 10 years was close to 0 and the average unemployment was 7.75. This graph does not reflect the Phillips curve mainly due to the consistent national unemployment rate. The low points in inflation do not reflect on unemployment and vice versa. Although the Phillips curve is accurate theoretically, I believe that the central bank and unemployment systems affect the way the Phillips curve would work in a real situation. 




Sources: 

https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?end=2021&locations=CH&start=2010&view=chart 

https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS?end=2021&locations=CH&start=2011 


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