Journal Article
Introduction to the New Keynesian Phillips curve
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.
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Quarterly
Publication Date: 2008
Volume: 94
Issue: Fall
Pages: 301-309