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Fifty Years of the Phillips Curve: A Dialog on What We Have Learned.
The debate over the Phillips Curve - as the relation between level of unemployment rate and inflation rate - in historical economics is shortly reviewed. By using the analysis in the Extreme Value The...
A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor force. The link between the involved variables is a linear one with all coefficient...
There is no evidence of a Phillips curve showing a tradeoff between unemployment and inflation. The function for estimating the nonaccelerating inflation rate of unemployment (NAIRU) has been incorr...
In a recent contribution to this journal, William Niskanen (2002) convincingly showed that the Phillips curve does not exist in the United States, at least not in the form usually proposed. Though t...
In a recent issue of this journal, Richard Reichel (2004) takes issue with the resurrected Phillips curve (PC) in William Niskanen’s (2002) article. Accordingly, Niskanen’s reformulation of the PC p...
In 1958, A.W. Phillips discovered a strong negative correlation between in- flation and unemployment in United Kingdom data. Continuing controversy sur-rounds the long-run trade-...

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