This myth focused on short run Phillips curve being flat by the labor friendly economists. It is nearly vertical as unemployment reaches a low point. As if it hit a wall. Arguments about union ...

The Phillips Curve degenerated into the idea that the 1970s ... We can just ramp up growth even more, for example with a Flat Tax reform that radically improves the conditions for doing business.

From 2007 to 2019, the standard observation was, "The Phillips curve has become flat." Large changes in unemployment correspond to very little change in inflation, or small changes in inflation ...

Empirical evidence suggested that inflation rose by only a small amount when unemployment declined, consistent with a very flat Phillips curve. This evidence was reinforced by the pre-pandemic ...

The economy has to move a lot before prices will move at all. Although the flat Phillips curve puzzles central banks as much as anyone, they may be partly responsible for it. The curve is supposed ...

It’s what’s known as the Phillips curve. Economist A.W. Phillips came up with what’s known as “the Phillips curve” in 1958. It says that low unemployment is linked to high inflation. “ ...

Jason Furman errs in relying on a supposed Phillips curve trade-off between inflation and unemployment in his op-ed “The Fed Can Take Its Time Taming Inflation” (June 17). A plot of inflation ...

Story, remarked that leaders at the Federal Reserve and Treasury would never succeed until they disabused themselves of the Phillips curve, which he called “a pretty idea with no grounding in ...

The Phillips curve suggests a short-term inverse relationship between inflation and unemployment. Critics argue the model fails in the long term, evidenced by various Nobel criticisms. Investors ...

They keep shoveling out the dumbest economic concept of all time: the Phillips Curve. This was the lame-brained "theory" by neo-Keynesian economists of the 1960s and 1970s that to slow inflation ...