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Phillips curve

Phillips curve logo #10101) Monetary policy
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Phillips curve

Phillips curve logo #21000 In economics, the Phillips curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result in an economy. Stated simply, decreased unemployment, (i.e., increased levels of employment) in an economy will correlate with higher rates of inflation. While there is a short run tradeoff between un...
Found on http://en.wikipedia.org/wiki/Phillips_curve

Phillips Curve

Phillips Curve logo #21015An inverse relationship between inflation and unemployment observed by Phillips (1958) and thought to describe an achievable tradeoff between the two macroeconomic ills. It was later found that the true relationship also depends on expectations of inflation in a way that prevents the unemployment rate from differing permanently from the NAIRU.
Found on http://www-personal.umich.edu/~alandear/glossary/p.html

Phillips curve

Phillips curve logo #21003representation of the economic relationship between the rate of unemployment (or the rate of change of unemployment) and the rate of change of money ... [4 related articles]
Found on http://www.britannica.com/eb/a-z/p/57

Phillips Curve

Phillips Curve logo #21012A graph that supposedly shows the relationship between inflation and unemployment. It is conjectured that there is a simple trade-off between inflation and unemployment (high inflation and low unemployment, and low inflation and high unemployment). Named after A.W. Phillips. Obviously, the relation between these important macroeconomic variables is...
Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm

Phillips curve

Phillips curve logo #21011A relation between inflation and unemployment. Follows from William Phillips' 1958 'The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1861-1957' in _Economica_. In the subsequent discussion the relation was thought to be a negative one -- high unemployment would correlate with low inflatio...
Found on http://www.econterms.com/glossary.cgi?query=Phillips+curve

Phillips curve

Phillips curve logo #20140The Phillips Curve was a relationship between unemployment and inflation discovered by Professor A.W.Phillips. He found that there was a trade-off between unemployment and inflation, so that any attempt by governments to reduce unemployment was likely to lead to increased inflation. This relationship was seen by Keynesians as a justification of the...
Found on http://www.encyclo.co.uk/local/20140

Phillips curve

Phillips curve logo #20688Graph showing the relationship between percentage changes in wages and unemployment, and indicating that wages rise faster during periods of low unemployment as employers compete for labour. The...
Found on http://www.encyclo.co.uk/local/20688

Phillips Curve

Phillips Curve logo #22402A graph that supposedly shows the relationship between inflation and unemployment. It is conjectured
Found on http://www.encyclo.co.uk/local/22402

Phillips Curve

Phillips Curve logo #23570The Phillips curve is an economic concept that holds that a change in the unemployment rate in an economy causes a direct change in the inflation rate and vice versa. Therefore, according to A.W. Phillips, who introduced the concept, unemployment and inflation are negatively correlated.
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