With the jobs numbers out today, we’ve been hearing a lot about this thing called the Phillips Curve. What is the Phillips Curve? It’s a theory, developed by an economist called A.W.H. Phillips, that ...

We got another labor market indicator on Wednesday ahead of Friday’s jobs report. According to ADP, the private sector added 152,000 jobs in May. That’s fewer than were added in April, so a bit of a ...

The Phillips Curve measures the relationship between inflation and unemployment. And the Curve predicts that when unemployment is low, inflation tends to rise. Conversely, If unemployment goes up, ...

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 ...

A hotly debated topic on the US economy is the collapsed relationship between unemployment and inflation. The traditional Phillips curve purports that when unemployment falls, inflation should rise, ...

The link between changes in U.S. inflation and the output gap has weakened in recent decades. Over the same time, a positive link between the level of inflation and the output gap has emerged, ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We study inflation dynamics in Colombia using a bottom-up Phillips curve approach. This allows us to capture the different ...

THAT central banks cannot endlessly reduce unemployment without sparking inflation is economic gospel. It follows from “a substantial body of theory, informed by considerable historical evidence”, ...