Every academic discipline has dirty secrets. Those of economics include the fact that some of our best known principles are based on very thin data. The Phillips curve, which is relevant to much of ...

Philadelphia Fed paper finds Phillips curve forecasts tend to be more accurate when the economy is weak and less accurate when it is strong Share ...

Last week, Goldman Sachs made an experimental exercise where GS exploited the cross section of countries in the Euro zone to examine whether the Phillips curve – the link between inflation and slack – ...

New data covering the period since May 2023 have continued to follow the path of a nonlinear Phillips curve that shows the relationship between inflation and a particular measure of labor market slack ...

“Low unemployment and low inflation are central goals of stabilization policy. During the 1950s and 1960s the view of a stable tradeoff between inflation and unemployment was established, the ...

An economic concept that serves as the linchpin for central bankers across the world is the Phillips curve. Developed by New Zealand economist A.W.H. Phillips, it states that there is an inverse ...

We believe that the effects of Covid on the economy and financial markets are diminishing, and we believe that the Phillips curve is supporting this. Will history repeat in the second half of this ...

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 and ...