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The Place of the Phillips Curve in Macroeconomic Models

Richard Lipsey ()

Working Paper from Economics Department, Queen's University

Abstract: This paper discusses the origin of the Phillips curve and its place in macro models; its theoretical underpinnings; the logic of the natural rate hypothesis; and the view that macro models can be closed by the expectations-augmented Phillips curve.

Pages: 52
Date: 1976
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:215

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