411 REFERENCE · Wiktionary
Phillips curve
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
en Bill Phillips (economist) William Phillips 1914 1975 New Zealand economist.
Noun
en economics A single-equation empirical model describing a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy.
en w:Mancur Olson The Rise and Decline of Nations 1982 Yale University Press 192 https://archive.org/details/risedeclineofn00olso/page/192/mode/1up 978-0-300-02307-7 An explanation of stagflation is not an explanation at all unless it includes a general explanation of why a Phillips curve should have this or that slope, and why the curve shifts if it is alleged to shift.