One of the most important problems facing Greece is the long-term and high-level unemployment rate. The Economic Adjustment Programmes (EAPs) focused on the supply side of the economy, aiming at the adjustment of prices and wages, draw on the classical economic model, as it is widely accepted that internal devaluation policies keep inflation low. This article attempts to examine whether the Keynesian theory and the Phillips Curve, which shows the relationship between unemployment and inflation, apply in the case of the Greek economy. We use descriptive statistics, ordinary least squares (OLS) and VAR Analysis to examine the relationship between the variables. According to the results, there is a negative correlation between unemployment and inflation in Greece, thus confirming the Phillips Curve hypothesis. Finally, results show that unemployment is less dependent on inflation compared with the past, and there are numerous other decisive factors affecting unemployment.

希腊面临的最重要问题之一是长期和高水平的失业率。经济调整计划 (EAP) 侧重于经济的供给侧，旨在调整价格和工资，借鉴了古典经济模型，因为人们普遍认为内部贬值政策可以保持低通胀。本文试图检验凯恩斯理论和显示失业与通货膨胀之间关系的菲利普斯曲线是否适用于希腊经济。我们使用描述性统计、普通最小二乘法 (OLS) 和 VAR 分析来检查变量之间的关系。结果显示，希腊失业率与通胀呈负相关，从而证实了菲利普斯曲线假说。最后，