If a Phillips Curve exists, and if the central bank tries to exploit it, then it will not be evident in the data. In fact, if you take a really basic 3-equation-version of the New Keynesian model ...

They keep shoveling out the dumbest economic concept of all time: the Phillips Curve. This was the lame-brained "theory" by neo-Keynesian economists of the 1960s and 1970s that to slow inflation ...

Yet Keynesian economists (meaning the vast majority ... and by extension “inflation,” which is the Phillips Curve in action. The latter laughably posits that too much economic growth borne ...

Most of the models used are based on versions of the new Keynesian Phillips curve, which links inflation to inflation expectations, the extent of economic slack, and indicators of supply shocks. Ben ...

Keynesian theory was used in the development of the Phillips curve, which examines unemployment, and the ISLM Model. Criticism of Keynesian Theory One of the more outspoken critics of Keynes and ...

Phillips’ curve is intended to show a tradeoff between ... This related directly to the Keynesian ideas that had revolutionized economic theory and were gaining weight in central bank and ...

The Phillips curve predicts that when the unemployment rate drops, inflation will rise as businesses compete for scarce labor and drive up wages. The late William Phillips, a neo-Keynesian economist ...

It is not clear whether expectations are sufficiently anchored to prevent deflation over the next few years. Finally, we show that the Great Recession provides fresh evidence against the New Keynesian ...