The Phillips Curve says that low unemployment is linked to high inflation. But history shows that the economy doesn’t always work that way.

The surprise for 2018 will be how little inflation will rise. Markets are building a house of cards on plans for inflation to return as they bet on a return of the Phillips curve. The anticipated ...

Until a few months ago, however, the Phillips Curve appeared to be on its deathbed. Since the 1990s, inflation has borne strikingly little relationship to unemployment. This puzzle became most ...

The Phillips curve is a mathematical relationship that seeks to describe the factors that drive inflation movements. Such factors can include demand and supply forces, expected future inflation, and ...

The Phillips curve describes an inverse relationship between unemployment and inflation. Why does former Federal Reserve Chair Ben Bernanke say that there is “not a simple inverse relationship ...

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 ...

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 ...