Linked from

The 24 pages that link to Phillips curve, each with the reason it gives.

• Monetary policyRelated: It frames a key debate about short-run trade-offs in policy.

• Keynesian economicsRelated: Debates over its stability shaped Keynesian thinking about the trade-off between inflation and unemployment.

• InflationRelated: It frames the short-run trade-offs that can complicate efforts to reduce inflation.

• UnemploymentRelated: It frames a major debate over the costs of reducing unemployment.

• Lucas critiqueRelated: Its apparent stability broke down as expectations and policy regimes changed.

• Inflation expectationsRelated: Expected inflation helps explain why inflation can persist even as unemployment changes.

• Natural rate of unemploymentRelated: The natural rate changed how economists interpreted the apparent inflation–unemployment tradeoff.

• Economic policyRelated: It frames debates about whether reducing unemployment can raise inflation.

• Full employmentRelated: It frames the perceived trade-off policymakers face when pursuing low unemployment.

• MacroeconomicsRelated: It frames the short-run tension between price stability and labor-market outcomes.

• Okun's lawRelated: Both concepts became influential empirical links between labor-market conditions and macroeconomic outcomes.

• Independent central bankRelated: Disinflation can impose short-run employment costs, making independent policy politically contested.

• Modern Monetary TheoryRelated: Debates about the curve shape disagreement over how spending affects prices and employment.

• Edmund PhelpsRelated: Phelps explained why the observed inflation–unemployment tradeoff could not persist unchanged.

• Janet YellenRelated: Debates about this relationship shaped the Federal Reserve's employment and inflation policy during her chairmanship.

• Arthur F. BurnsRelated: Beliefs about this trade-off informed policy debates during Burns’s chairmanship.

• History of macroeconomic thoughtRelated: Its shifting empirical pattern forced revisions to theories of inflation and policy trade-offs.

• Olivier BlanchardRelated: Blanchard studied how inflation responds to unemployment and expectations.