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There is no evidence of a Phillips curve showing a tradeoff between
unemployment and inflation. The function for estimating the nonaccelerating
inflation rate of unemployment (NAIRU) has been incorr...
ON THE DEATH OF THE PHILLIPS CURVE：FURTHER EVIDENCE
THE PHILLIPS CURVE inflation rate negative short-run
2008/11/7
In a recent contribution to this journal, William Niskanen (2002)
convincingly showed that the Phillips curve does not exist in the
United States, at least not in the form usually proposed. Though t...
On the Death of the Resurrected Short-Run Phillips Curve：A Further Investigation
unemployment rate Phillips Curve
2008/11/4
In a recent issue of this journal, Richard Reichel (2004) takes issue
with the resurrected Phillips curve (PC) in William Niskanen’s (2002)
article. Accordingly, Niskanen’s reformulation of the PC p...