Monetary policymakers can use the Phillips curve, says Allison Luedtke, professor of economics at St. Olaf College. “If you’re like, ‘I’m really going after unemployment.’ Good.

On today's show, how the Phillips Curve was born, why it went mainstream, and why universal truths remain elusive in macroeconomics. This episode was hosted by Willa Rubin and Nick Fountain, ...

The Phillips Curve, Keynesians insist, shows that to lower unemployment — a move from point B to point A on the chart — inflation should be raised (or allowed to rise), ...

Using sectoral data from 24 advanced economies in Europe, higher digitalization and lower trade intensity are shown to be associated with steeper Phillips curves. Post-pandemic Phillips curve ...

The Phillips curve, named after a New Zealand economist who wrote about the relationship in the U.K. in 1958, isn’t considered to be foolproof. By 2011, ...

After which, Hanke and Greenwood doth protest too much. Friedman didn’t discredit the Phillips Curve, rather he just shifted the same faulty principles underlying it to so-called “money supply.” ...

Fifty years ago New Zealand-born economist Alban William Phillips wrote an article noting that when unemployment was low wage growth was high and vice versa. Over subsequent years what became ...

Phillips Curve Shifts During the 1970s and Early 1980s. Data Source: U.S. Bureau of Labor Statistics. As you can see, the Phillips curve appears to have moved to the right during the period discussed.

Original Phillips Curve. From Phillips paper. The Fed cut the Fed Funds rate by 50 basis points on September 18. The Fed’s twin mandate, keeping inflation under control and aiming for low ...

Figure 2 updates our Phillips curve data from the Letter. This version shows that the new data on inflation and the unemployment-to-vacancy ratio (dark blue dots) continue to track closely along the ...