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.

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

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

The Phillips curve works only for a few months.

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

In this way the Phillips curve came to be regarded as a 'menu for policy choice'.

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:.

There are at least two different mathematical derivations of the Phillips curve.

This is a movement along the Phillips curve as with change "'A"'.

It is appropriate, therefore, that we should begin this chapter with an explanation of the original Phillips curve.

His best-known contribution to economics is the Phillips curve, which he first described in 1958.

Moving along the Phillips curve, this would lead to a higher inflation rate, the cost of enjoying lower unemployment rates.

Friedman also challenged the Phillips curve relationship between inflation and unemployment.

Most economists no longer use the Phillips curve in its original form because it was shown to be too simplistic.

The original Phillips curve literature was not based on the unaided application of economic theory.

In the diagram, the long-run Phillips curve is the vertical red line.

Still, the end of the 1980's retaught the lesson that the Phillips curve was very real and had to be taken into account.

The main theoretical arguments underlying the original Phillips curve can be described as follows.

Both large-scale models and the Phillips curve became targets for critics of the synthesis.

The Phillips curve started as an empirical observation in search of a theoretical explanation.

Thus, the Phillips curve represents only the demand-pull component of the triangle model.

Later Keynesians adopted the Phillips curve to model price level changes.