1958-2008, avatars et enjeux de la courbe de Phillips

The Phillips curve at fifty

Hervé LE BIHAN ()

MPRA Paper from University Library of Munich, Germany

Abstract: The Phillips curve is fifty years old. Since Phillips (1958)'s original contribution this econometric relationship has undergone many criticisms and evolutions. The Phillips curve yet remains a fundamental tool for inflation forecasting and monetary policy analysis. This paper reviews the various versions of the Phillips curve, using reearch carried out at the Banque de France for illustration purpose, and discusses the main issues associated with this relation.

Keywords: courbe de Phillips; inflation; salaires (search for similar items in EconPapers)
JEL-codes: E31 B22 J30 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-hpe and nep-mac
Date: 2008-09
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:12119

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