Phillips curve (A.W. Phillips)
GPTKB entity
Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:amendedBy |
gptkb:expectations-augmented_Phillips_curve
|
| gptkbp:appliesTo |
macroeconomics
|
| gptkbp:category |
macroeconomic models
|
| gptkbp:challenge |
gptkb:1970s_stagflation
|
| gptkbp:criticizedFor |
gptkb:Milton_Friedman
gptkb:Edmund_Phelps |
| gptkbp:describes |
inverse relationship between unemployment and inflation
|
| gptkbp:empiricalBasis |
UK wage and unemployment data (1861–1957)
|
| gptkbp:graphType |
downward sloping curve
|
| https://www.w3.org/2000/01/rdf-schema#label |
Phillips curve (A.W. Phillips)
|
| gptkbp:influencedBy |
gptkb:Keynesian_economics
|
| gptkbp:introducedIn |
1958
|
| gptkbp:namedAfter |
A.W. Phillips
|
| gptkbp:proposedBy |
higher unemployment leads to lower inflation
lower unemployment leads to higher inflation |
| gptkbp:publishedIn |
gptkb:Economica
|
| gptkbp:relatedTo |
gptkb:NAIRU
stagflation |
| gptkbp:usedIn |
gptkb:economic_policy
|
| gptkbp:bfsParent |
gptkb:neo-Keynesian_economics
|
| gptkbp:bfsLayer |
6
|