Phillips curve

基本解释

It didn’t; what it did disprove was the naive Phillips curve, which said that there’s a stable tradeoff between unemployment and inflation.
這不對；其所真正証明爲非的是純粹的菲利普斯曲線，該曲線表述：在失業與通貨膨脹間存在一穩定的折中。
Low unemployment has not been accompanied by significant increases in inflation; in other words, the Phillips curve has flattened considerably.
失業率的降低不再伴隨著顯著的通脹上漲，換而言之，菲利浦斯曲線已變得相儅平直。
ecocn.org
Thus the only effect of government stimulus would be to increase inflation for the same level of employment; in the long run, the Phillips curve became vertical.
因而政府乾預的唯一結果衹可能是增加同樣就業水平下的通脹率。那麽從長期來看，菲利浦斯曲線就應該是垂直的。

While denying it, the Federal Reserve is still in thrall to the Phillips curve.
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And that discretion is still influenced by Keynesian thinking and a Phillips Curve mentality.
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The data never supported that theory, and the stagflationary 1970s totally destroyed the validity and credibility of the Phillips curve.
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a curve that purports to plot the relationship between unemployment and inflation on the theory that as inflation falls unemployment rises and vice versa