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Phillips curve

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
Phillips curve
n
(Economics) Economics a curve that purports to plot the relationship between unemployment and inflation on the theory that as inflation falls unemployment rises and vice versa
[named after A. W. H. Phillips (1914-75), English economist who formulated the theory]
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And more recently, in another piece for the Journal, Bernanke reaffirmed his Phillips Curve bona tides with his suggestion that once "recovery takes hold" there could be "an inflation problem down the road.
Not-so-gentle Ben: Obama's risky Bernanke gamble by Moore, Stephen; Tamny, John / The American Spectator
Introduction The New Keynesian Phillips Curve (NKPC) is a key component of much recent theoretical work on inflation.
The New Keynesian Phillips Curve and lagged inflation: a case of ... by Hall, Stephen G.; Hondroyiannis, George; Swamy, P.A.V.B.; Tavlas, G.S. / Southern Economic Journal
If this belief is correct, while the short run Phillips curve is upwards sloping, the long run Phillips curve is vertical at NAIRU.
The current crisis has a silver lining by Nevile, John / Economic and Labour Relations Review
 
 
 
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