The Phillips Curve

Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.

An episode of the 60-Second Adventures in Economics - for iPad/Mac/PC podcast, hosted by The Open University, titled "The Phillips Curve" was published on August 29, 2012 and runs 1 minutes.

August 29, 2012 ·1m · 60-Second Adventures in Economics - for iPad/Mac/PC

0:00 / 0:00

Summary

Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.

Episode Description

Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.

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