short-run Phillips curve

A Dictionary of Economics;    JOHN BLACK;   7 words ...short-run Phillips curve See Phillips curve .

The Phillips curve is alive and well.

New England Economic Review;  March 1, 1995 ;   Fuhrer, Jeffrey C.;   787 words ......economic conference was entitled After the Phillips Curve. Many of the papers in the conference volume sounded the death knell of the Phillips curve, citing its dismal performance in the...volume, rumors of the death of the Phillips curve appear to have been greatly exaggerated...

A THEORY-BASED, STATE-DEPENDENT PHILLIPS CURVE AND ITS ESTIMATION

Economic Inquiry;  January 1, 2005 ;   Lee, Hsiu-Yun; Wu, Jyh-Lin; Chen, Show-Lin;   787 words ......empirical irregularity about the slope of a Phillips curve, this article provides a model of imperfect...competition to show that the slope of a Phillips curve is shock-dependent. We empirically...gap, resulting in the state-dependent Phillips curve fitting quite well. Our empirical ...

A TIME-VARYING VOLATILITY APPROACH TO MODELING THE PHILLIPS CURVE: A...

Journal of Economics and Finance;  July 1, 2004 ;   Seyfried, William L; Ewing, Bradley T;   787 words ...Abstract This research examines the Phillips curve price adjustment mechanism allowing...inclusion of inflation variability in the Phillips curve model results in a higher weight being...Debate concerning the existence of a Phillips curve has increased in recent years since...

The predictive content of the output gap for inflation: resolving...

Journal of Money, Credit & Banking;  August 1, 2006 ;   Clark, Todd E. McCracken, Michael W.;   787 words ...THE PHILLIPS CURVE--broadly defined here and in other...In particular, variants of the Phillips curve continue to appear in efforts to...examples). That said, historically the Phillips curve has been subject to considerable...

long-run Phillips curve

A Dictionary of Economics;    JOHN BLACK;   125 words ...long-run Phillips curve A curve showing the long-run relation...that the appropriate short-term Phillips curve is that augmented for inflation...that at each point on the long-run Phillips curve actual and expected inflation are...

Curve ball; Economics focus.

The Economist (US);  September 30, 2006 ;     787 words ......the shape of that very 1960s concept, the Phillips curve. The Phillips curve was named after A.W. Phillips, whose research...Stephen King, chief economist at HSBC, says, The Phillips curve relationship did exist as long as governments...

Restructuring, the NAIRU, and the Phillips curve....

New England Economic Review;  September 1, 1994 ;   Tootell, Geoffrey M.B.;   787 words ......conclusion by examining macro data in a Phillips curve framework. Neither the approach nor...and early 1980s instability in the Phillips curve was used as evidence for an increase...However, this study's examination of the Phillips curve provides little support for the conclusion...

The Econometrics of Price Determination, thirty-five years later.

Journal of Money, Credit & Banking;  February 1, 2007 ;   Fischer, Stanley;   787 words ......the best thinking of the time on the Phillips curve, and to use it to review progress in...much of the econometric work on the Phillips curve that is discussed in the Eckstein volume...field of price determination and the Phillips curve in 1970 when the previous conference...

Is the Phillips Curve finally re-emerging? (Research Notes).(Brief...

International Advances in Economic Research;  February 1, 2002 ;   Corrigan, Thomas D. Yatrakis, Pan G.;   254 words ......concludes that there are some signs of the Phillips Curve's re-emergence, particularly using...between inflation and unemployment (the Phillips Curve) has not been apparent. This suggests...beginning with the second half of 2000, a Phillips Curve relationship seems to have ...

Economic activity and inflation: Federal Reserve Bank of San Francisco...

Economic Review - Federal Reserve Bank of San Francisco;  January 1, 2000 ;   Trehan, Bharat;   787 words ......Research. The papers focused on the Phillips curve, named for AM Phillips (1958); he showed...in many Keynesian models. Does the Phillips Curve Always Slope Downwards? Haldane and...that period would produce a vertical Phillips curve. After 1980, unemployment moved around...

The crocodile hunter the Fed still listens to.(Brief Article)

U.S. News & World Report;  June 28, 1999 ;   Clark, Kim;   592 words ......that because of something called the Phillips curve, the anti-inflation hawks on the Federal...unemployment rates dropped, wages climbed. The Phillips curve maps the trade-off between unemployment...raises. Despite its obvious logic, the Phillips curve has been controversial from the ...

expectations-augmented Phillips curve

A Dictionary of Economics;    JOHN BLACK;   225 words ...expectations-augmented Phillips curve A version of the Phillips curve, relating wage increases to demand pressure, taking...expected rate of price increases is given, the Phillips curve shows wage increases as a decreasing function...

Demise of long-held theory on inflation, unemployment

The Journal Record;  March 13, 2000 ;   J. Bradford DeLong N.Y. Times News Service;   787 words ...Whatever happened to the Phillips curve? You remember the Phillips curve -- the relationship between unemployment and...or above its natural rate. Today, however, the Phillips curve is missing. All of a sudden, economists are a...

Expected social welfare under a convex Phillips curve and asymmetric...

Journal of Money, Credit & Banking;  May 1, 2002 ;   Tambakis, Demosthenes N.;   787 words ......specifications of the short-run U.S. Phillips curve. Clark, Laxton and Rose (1996), Debelle...1995) propose a nonlinear and convex Phillips curve. Under convexity, positive shocks to...arguing the case in favor of a linear Phillips curve is Gordon (1997). In a linear world...