This is pretty simple stuff. Like most postwar Keynesians ... which was why things got so out of hand. The Phillips Curve degenerated into the idea that the 1970s inflation problem had something ...

Here's the Phillips curve for just the four main Covid years: My takeaway is that the initial shock and its results are pretty easy to see. That has been just as true throughout history as in the ...

The Phillips Curve is a very simple idea and a very powerful model. It simply says that when labor is in short supply, its price goes up. In other words: labor, like everything else, is traded in ...

(For simplicity’s sake, the curves here are depicted as straight lines.) Second comes the Phillips Curve, which is usually drawn sloping upwards to suggest that if everything else stays the same ...

So Phillips lands at the London School of Economics. And then one day, back in 1957... LIPSEY: He came back with this drawing. And here it is, here's the curve. RUBIN: A curve. Phillips had pored ...

Jason Furman errs in relying on a supposed Phillips curve trade-off between inflation and unemployment in his op-ed “The Fed Can Take Its Time Taming Inflation” (June 17). A plot of inflation ...

Sponsor Message 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 ...

Imagine a growth-focused Republican associating job loss and bankruptcy with “good news” as is, but where it gets worse is in it vivifying Strain’s embrace of the discredited Phillips Curve.

The idea behind the Phillips curve is simple: As employment falls, there’s an increase in demand for workers. Wages will go up since employers need to pay more to attract workers. When wages go ...

They keep shoveling out the dumbest economic concept of all time: the Phillips Curve. This was the lame-brained "theory" by neo-Keynesian economists of the 1960s and 1970s that to slow inflation ...