Abstract
Any consensus that may have existed at the beginning of the last decade concerning the Phillips curve (PC) has disappeared.While the notion of a PC continues to influence discussions of a potential trade-off involved in anti-inflation programs, detailed discussions of the Phillips curve seem to have lost currency in public policy discussions and in the literature. This paper attempts to explain some of the major differences in theoretical discussions of the PC. I attempt to develop, and test, a hypothesis supporting the view that there is no systematic relationship between inflation and unemployment.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
