Introduction to the New Keynesian Phillips curve

Andreas Hornstein

Economic Quarterly, 2008, vol. 94, issue Fall, 301-309

Abstract: In most industrialized economies inflation tends to be pro-cyclical; that is, inflation is high during times of high economic activity. When economic activity is measured by the unemployment rate this statistical relationship is known as the Phillips curve.

Keywords: Phillips curve; Inflation (Finance) (search for similar items in EconPapers)
Date: 2008
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