I am so glad you asked this great question! Indeed, many of us study economic theory in classrooms, and the Phillips curve is typically covered in a macroeconomics class. However, it is natural to ...

Sponsor Message On today's show, how the Phillips Curve was born, why it went mainstream, and why universal truths remain elusive in macroeconomics. This episode was hosted by Willa Rubin and Nick ...

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 today’s economic news, is one of these.

It is thus disheartening to read Jason Furman’s op-ed “Inflation and the Scariest Economics Paper of 2022 ... relying on the veracity of the Phillips curve will determine the future ...

The Phillips curve, as it became known ... And it will be no consolation to students of economics that this combination will remove the flatness from one of their discipline’s most famous ...

For decades, the economics profession has been trying to tell us all just the opposite. They keep shoveling out the dumbest economic concept of all time: the Phillips Curve. This was the lame ...

The Phillips curve predicts that when the unemployment rate drops, inflation will rise as businesses compete for scarce labor and drive up wages. The late William Phillips, a neo-Keynesian economist ...

So Phillips lands at the London School of Economics. And then one day, back in 1957... LIPSEY: He came back with this drawing. And here it is, here's the curve. RUBIN: A curve. Phillips had pored ...

The Phillips curve woke up. It's almost vertical ... This time of inflation will lead us to rewrite an awful lot of macroeconomics.

but where it gets worse is in it vivifying Strain’s embrace of the discredited Phillips Curve. All of which exists as a call for more commentary from economics writers not wedded to the fallacy ...

The Fed cut the Fed Funds rate by 50 basis points on September 18. The Fed’s twin mandate, keeping inflation under control and aiming for low unemployment is really in the service of the ...