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The New Palgrave Dictionary of Economics pp 10270–10276Cite as

Palgrave Macmillan

Phillips Curve (New Views)

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Abstract

A Phillips curve is an equation which relates the unemployment rate, or some other measure of aggregate economic activity, to a measure of the inflation rate. Since there is a significant correlation between inflation and unemployment over some horizons, understanding this correlation should yield insight into the impulses the economy faces and the mechanisms that propagate their effects. Since the 1990s, research has focused on making progress in three main areas: forecasting, microeconomic foundations and empirical tests of the microfoundations.

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  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Jonas D. M. Fisher

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  1. Jonas D. M. Fisher
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Fisher, J.D.M. (2018). Phillips Curve (New Views). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2356

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