Title |
Phillips Curve
|
Author |
Kevin D. Hoover |
|
Category
|
Macroeconomics and Monetary Economics
|
Type |
Article |
Description |
The Phillips curve represents the relationship between the rate of inflation and the unemployment rate. This article describes A.W.H. Phillip's discovery that there was a consistent inverse, or negative, relationship between the rate of wage inflation and the rate of unemployment in the United Kingdom from 1861 to 1957. |
URL |
http://www.econlib.org/library/Enc/PhillipsCurve.html |
