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On the long run Phillips Curve genus

Author

Listed:
  • Rod Cross

    (Department of Economics, University of Strathclyde)

Abstract

This note points out that the long run Phillips curve genus contains upward and downward sloping species as well as the vertical species. Observers have found it difficult to sight the vertical species in certain countries, in certain epochs. This difficulty could well arise from the observers having looked for the wrong species.

Suggested Citation

  • Rod Cross, 2018. "On the long run Phillips Curve genus," Working Papers 1813, University of Strathclyde Business School, Department of Economics.
    • Handle: RePEc:str:wpaper:1813
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    File URL: https://www.strath.ac.uk/media/1newwebsite/departmentsubject/economics/research/researchdiscussionpapers/18-13.pdf
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    More about this item

    Keywords

    Unemployment; Natural Rates; Vertical; Positive Loci; Negative Loci; Hysteresis.;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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