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

Hervé Le Bihan ()

Revue de l'OFCE, 2009, vol. n° 111, issue 4, 81-101

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 examples of recent research for illustration purposes, and discusses the main issues associated with this relation. JEL classification: E31, J30.

Keywords: Phillips curve; inflation; wages; New Keynesian Phillips curve (search for similar items in EconPapers)
JEL-codes: E31 J30 (search for similar items in EconPapers)
Date: 2009
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