Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
macroeconomics
|
| gptkbp:assumes |
short-run trade-off between inflation and unemployment
|
| gptkbp:challenge |
gptkb:1970s_stagflation
|
| gptkbp:countryOfOrigin |
gptkb:United_Kingdom
|
| gptkbp:criticizedFor |
gptkb:Milton_Friedman
gptkb:Edmund_Phelps |
| gptkbp:describes |
inverse relationship between unemployment and inflation
|
| gptkbp:graphAxes |
unemployment rate
inflation rate |
| https://www.w3.org/2000/01/rdf-schema#label |
Phillips curve
|
| gptkbp:influenced |
gptkb:Keynesian_economics
gptkb:New_Keynesian_economics |
| gptkbp:introducedIn |
1958
|
| gptkbp:namedAfter |
gptkb:A._W._Phillips
|
| gptkbp:originalDataFrom |
UK wage inflation and unemployment
|
| gptkbp:relatedTo |
gptkb:NAIRU
gptkb:expectations-augmented_Phillips_curve stagflation |
| gptkbp:usedIn |
monetary policy analysis
fiscal policy analysis |
| gptkbp:bfsParent |
gptkb:Keynesian_economics
gptkb:neoclassical_synthesis |
| gptkbp:bfsLayer |
5
|