In figure 4.5 we draw a set of Phillips curves.

This research had important new ideas about the Phillips curve.

There was confidence until the end of 1997 that the Phillips curve would soon return.

But if the expected rate of inflation changes then the Phillips curve will shift.

When last seen during the 1990-92 recession, the Phillips curve looked very healthy.

The Phillips curve works only for a few months.

But, truth be told, the Phillips curve has not worked well outside America.

Still, at some primal level, economists continue to believe in something like a Phillips curve.

Samuelson incorporated the idea of the Phillips curve into his work.

From the restrictions placed on and was to emerge the familiar Phillips curve:.