Economics is not a museum of immortal models. It is a diagnostic discipline whose tools must match the condition of the economy under examination.

The Phillips curve plays a central role in the macroeconomics literature. However, there is little consensus on the forcing variable that drives inflation in the model, i.e., on the appropriate ...

Log-in to bookmark & organize content - it's free! Rep. Erik Paulsen (R-MN) and former Federal Reserve Chair Janet Yellen discuss the Phillips Curve and the relationship between inflation and the ...

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 and ...