Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper analyzes whether structural changes in the aftermath of the pandemic have steepened the Phillips curves in ...

When economists and policymakers talk about getting inflation under control, there's an assumption they often make: bringing inflation down will probably result in some degree of layoffs and job loss.

Government has no resources. It can only spend what it’s taken from us first. Yet Keynesian economists (meaning the vast majority of economists) believe government spending boosts economic growth.

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. In 1958, economist William Phillips wrote a paper which found a relationship ...

It is conventional wisdom that the reduced form Phillips curve has become flatter in recent decades. Accordingly, we show that the statistical relationship between changes in U.S. inflation and ...

Economists seem to have a puzzle on their hands: As the job market recovers, why hasn’t inflation picked up? Known as the Phillips curve, the inverse relationship between unemployment and inflation ...

Every academic discipline has dirty secrets. Those of economics include the fact that some of our best known principles are based on very thin data. The Phillips curve, which is relevant to much of ...

Of all the curves in economics, the Phillips Curve on the relationship between inflation and unemployment is perhaps the most influential, Matt Phillips writes for Quartz. But as several high-profile ...

What is the Phillips curve? What is the Phillips curve? The Phillips curve is a model that attempts to show the relationship between inflation and unemployment. Central bankers who are responsible for ...