Estimating a causal link from slack to wage growth using national data is difficult. However, using city-level data over the past 25 years shows that the cross-city relationship has weakened since the ...

The Phillips curve represents the inverse relationship between inflation rates and the unemployment rate and/or the degree to which a country's potential GDP is effectively being produced.

The yield curve spread that most accurately forecasts recessions is that between the 10-year Treasury bond yield and the 3-month Treasury bill rate.

If the economy is in a recession, the unemployment rate will be higher than the natural unemployment rate, and the Phillips curve will be to the right of the straight vertical line.

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

If you want to be remembered in economics, get yourself a curve. There’s the Lorenz curve, the Laffer curve, the Kuznets curve, and, probably most famous, the Phillips curve. Phillips was A.W.

All you need to know about the Phillips curve and whether it's still a valuable tool for fiscal policymakers.

The longer the heavily touted U.S. recession fails to materialize, the more doubt is cast over the relevance and usefulness of leading economic indicators that have accurately predicted every ...

This paper examines inflation dynamics in the United States since 1960, with a particular focus on the Great Recession. A puzzle emerges when Phillips curves estimated over 1960-2007 are ussed to ...

In the past, the relationship between inflation and unemployment had been defined popularly by the Phillips Curve. However, this no longer seems to hold water under our current economy.